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A large portrait of Kevin Boyd

Kevin Boyd

Non-Executive Director

Chair of the Audit Committee

Kevin has extensive listed plc experience in the engineering and manufacturing sectors, and brings a strong combination of financial, strategic and multi-organisational expertise to the Board. He was previously the Chief Financial Officer of global engineering group Spirax-Sarco Engineering plc and prior to that Chief Financial Officer of Oxford Instruments plc and Radstone Technology plc. Kevin is a Chartered Engineer, a Chartered Accountant and a Fellow of the Institute of Chartered Accountants and the Institution of Engineering and Technology. He is currently a Non-Executive Director and the Audit Committee Chair of EMIS Group plc and a Non-Executive director of Bodycote plc. Kevin is Chair of the Audit Committee.

A large portrait of Emma Versluys

Emma Versluys

Group Legal Counsel & Company Secretary

Emma Versluys is our Group Legal Counsel and Company Secretary and is Secretary to the Board and its three Committees. Before joining the Group, Ms Versluys was Deputy Company Secretary at Provident Financial plc, and has also held company secretarial roles at Serco plc and Alliance UniChem plc. She is an Associate of The Chartered Governance Institute and is also a solicitor.

A large portrait of Lisa Scenna

Lisa Scenna

Non-Executive Director

Lisa has over 20 years’ business experience working at executive director level in large private and publicly listed multinational corporations with a strong background in strategic and financial business change, with her most recent executive role being with the Morgan Sindall Group as Managing Director of MS Investments. Prior to this, she held executive roles with Laing O’Rourke, Stockland Group and Westfield Group in Australia. She is a non-executive director of Cromwell Property Group, an Australian listed company. Lisa has a Bachelor of Commerce from the University of NSW, and is a member of the Australian Institute of Company Directors and the Institute of Chartered Accountants in Australia.

A large portrait of Matt Pullen

Matt Pullen

Chief Operating Officer

Matt Pullen is our Chief Operating Officer and was appointed on 1 November 2021. Before joining the Group, Matt was Managing Director of British Gypsum, a part of the Saint-Gobain Group, based in the UK. Prior to that, he worked for AkzoNobel for eight years undertaking various commercial and leadership roles of increasing seniority in the UK, Ireland and Northern Europe with his last role as Managing Director, UK & Ireland. Prior to that Matt held various operational roles within the FMCG sector. He is a Trustee of the Construction Industry charity CRASH and an Industrial Cadets Ambassador.

A large portrait of Louise Brooke-Smith

Louise Brooke-Smith

Non-Executive Director

Louise has extensive expertise of the property, construction and infrastructure industry, being an experienced property and planning advisor, past Global President of the Royal Institution of Chartered Surveyors and member of the Royal Town Planning Institute. She was formerly a partner at Arcadis LLP and is currently Global Development and Strategic Planning Advisor for Consilio Strategic Consultancy Limited. She is currently a Governing Board member of Birmingham City University, Chair of the Board of All We Can (International Relief & Development Agency), a regional Board member of the CBI, a Board Trustee of The Land Trust and a Trustee of Birmingham Museum & Art Gallery. Louise holds a Bachelor of Science from the Sheffield Hallam University and an honorary doctorate, and is a Freeman of the City of London. Louise is our nominated workforce engagement NED.

The Committee comprises five Non-Executive Directors, being Kevin Boyd, Mark Hammond, Louise Hardy, Lisa Scenna and Louise Brooke-Smith.

All Committee members are considered to be independent. In accordance with the requirements of the Corporate Governance Code (2018), Kevin Boyd is designated as the Committee member with recent and relevant financial experience. All other members of the Committee are deemed to have the necessary ability and experience to understand the financial statements. The Committee as a whole has competence relevant to the sector in which the Group operates. The Committee discharges its responsibilities through a series of scheduled formal meetings during the year. Each meeting has a formal agenda which is linked to the events in the financial calendar of the Group. Attendees at each of the meetings include the Committee members as well as, by invitation, the Chairman, the Chief Executive Officer, the Chief Financial Officer, the Chief Operating Officer, the Group Financial Controller, the external auditor and internal auditor to the Group. The Committee is supported by a strong Secretariat function and has the full support and advice of the Company Secretary at all times, ensuring it is kept up to date with all recommended guidance, and that it reviews and implements such guidance as appropriate.

The full responsibilities of the Committee are set out in its latest Terms of Reference which can be found here, in the Useful Documents section of our Website. The Terms of Reference are reviewed each year to ensure they remain appropriate and any relevant updates made accordingly.

 

The key responsibilities of the Committee are to:

 
  • assist the Board with the discharge of its responsibilities in relation to internal and external audits;
  • monitor and review the effectiveness of the Group’s internal audit function in the overall context of the Company’s risk management system and the work of compliance, finance and the external auditor;
  • monitor the integrity of the financial statements of the Group including its annual and half-yearly reports, trading updates, preliminary results announcements and any other formal announcements relating to its financial performance, and reviewing significant financial reporting issues and judgements;
  • where requested by the Board, review the content of the Annual Report and Accounts and advise the Board on whether, taken as a whole, it is fair, balanced and understandable and provides the information necessary for shareholders to assess the Group’s financial position and performance, business model and strategy;
  • oversee the relationship with the external auditor including their appointment, reappointment and/or removal; approval of the scope of the annual audit, their remuneration and the terms of engagement; monitor and review their independence and objectivity, the effectiveness of the audit process and the extent of non-audit services performed; and
  • report to the Board on how it has discharged its responsibilities.

 

To find out more about the activities of the Audit Committee during the latest financial year, you can read the full Audit Report in the relevant published Annual Report and Accounts.