| The Nominations Committee (the ‘Committee’) comprises three of the non-executive Directors. The Committee reviews and evaluates the skills, knowledge and experience of the Board and, taking into account the requirements of the new Combined Code (the ‘Code’), will identify and recommend to the Board, where appropriate, any changes to its structure.
During 2005, there were no changes to the composition of the Committee. The members of the Committee during the year were:
W W Forrester (Chairman of the Committee)
T G Boatman
P M C Meredith
On 10 February 2004, W W Forrester was appointed as Chairman of the Committee with effect from 11 February 2004 as an interim measure whilst the Board reviewed its structure and considered the appointment of further independent non-executive Directors to ensure compliance with the Code. T G Boatman and P M C Meredith are considered to be fully independent and, since they form the majority of the Committee, the Group believes it is compliant with the Code in this respect.
All new appointments to the Board would be led by the Committee in a formal and transparent manner with the assistance of external recruitment consultants where necessary. It has not been necessary for the Committee to meet during the year to consider possible candidates for appointment to the Board and, as a consequence, W W Forrester continues to be interim Chairman of the Committee. This position and the membership of the Committee will be reviewed in due course.
The Committee’s terms of reference and the terms and conditions of appointment for non-executive Directors are available on request from the Group Company Secretary, who also acts as secretary to the Committee, and are posted on the Company’s website, www.laing.com.
W W Forrester
Chairman, Nominations Committee
13 March 20 |
