The Board of Directors is appointed to act on behalf of the shareholders to run the day-to-day affairs of the business.

The Trifast Board is made up of Executive Directors, who work within Trifast; and Independent Non-Executive Directors, whose roles are to provide balance and to ensure the Board as a whole functions effectively.

Where our Executive Directors have an in-depth knowledge of Trifast, our Non-Executive Directors provide a wider perspective of the world at large.

The Group also works with City specialists to ensure all levels of shareholders receive Trifast information.

View more information in the Annual Report 2018

How the Board is structured and works

The collective members of the Board plan and make decisions for Trifast, setting the strategic direction, making sure that all risks are managed effectively. Separate Board committees also exist, mostly made up of Non-Executive Directors, to focus on decision making areas that require an independent opinion.

 

Audit Committee

Members

Neil Warner (Chairman)
Jonathan Shearman
Scott Mac Meekin

Role

Provides effective governance around Trifast’s financial reporting and ensures the integrity of its financial statements. Reviews the appropriate accounting policies, monitors internal financial controls, looks at financial risk management and monitors the performance of the external auditor.

View more on the Audit committee terms of reference here

Nominations Committee

Members

Malcolm Diamond MBE (Chairman)
Jonathan Shearman
Neil Warner
Mark Belton

Role

Regularly evaluates the composition of the Board and the committees so that each is made up of the right people with the right skills, knowledge, experience and independence. The Committee looks closely at succession planning for executive and non-executive directors and senior management.

View more on the Nominations Committee terms of reference here

Remuneration Committee

Members

Jonathan Shearman (Chairman)
Neil Warner
Scott Mac Meekin
Malcolm Diamond MBE

Role

The independent members of the Remuneration Committee ensure that a policy exists for the remuneration of the executive directors that is fair, attracts key executives and rewards progress against Trifast’s business strategy.

View more on the Remuneration Committee terms of reference here

Further explanation of how the principles and supporting principles have been applied is set out in the 2018 Annual Report.