Nominations Committee

The Nominations Committee meets as required and makes recommendations to the board on new appointments to the board. The Nominations Committee is responsible for reviewing, from time to time, the structure of the board, determining succession plans for the Chairman and Co-Chief Executive Officers and identifying and recommending suitable candidates for appointment as directors of the company.

The UK Corporate Governance Code recommends that a majority of the Nominations Committee should be Non-Executive Directors who are deemed independent for UK Corporate Governance Code purposes. The Nominations Committee is chaired by Simon Duffy and its other members are Per Afrell, Manfred Bodner, Tim Bristow, Helmut Kern, Lord Moonie, Rod Perry, Georg Riedl, Jim Ryan and Norbert Teufelberger. The directors therefore consider that it complies with the UK Corporate Governance Code recommendations in relation to the Nominations Committee.

Terms of Reference of the Nominations Committee