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Our committees

Audit Committee

Alex Thursby
Chairman 

The committee comprises the following non-executive directors (all of whom are independent): 

  Date first appointed
Chris Bell Jun 2015
Steven Esom Mar 2016
Alex Thursby Aug 2017

 

What is the role of the audit committee?

The audit committee assists the board in reviewing and maintaining internal controls, the management of risk and our compliance with the law and regulation.

It monitors and reviews the effectiveness of the Group's internal audit function.

It also assesses the integrity of all public financial statements before their submission to the board, ensuring we present a fair assessment of the Group’s ongoing position and prospects.

Any changes in accounting policies are authorised by the committee, which also reviews the objectivity and effectiveness of our external auditors every year.

The committee oversees the Company's internal code of conduct and monitors our whistle-blowing procedures, through which employees may, in confidence, raise concerns about possible improprieties in areas of financial reporting, financial control and other ethical matters.

The committee is regularly updated on accounting and legislative changes through briefing papers from the auditor, finance director and others.

 

Finance committee

Ian Burke
Chairman

The committee comprises the chairman, the chief executive officer, the chief financial officer and the managing director, retail, as follows:

  Date first appointed
Ian Burke Mar 2006
Bill Floydd Nov 2018
John O'Reilly May 2018

 

The finance committee is authorised to approve capital expenditure and make financing decisions for the Group up to authorised limits. On behalf of the board, the finance committee's role includes setting, monitoring and reporting on:

  • operating plans
  • monthly comparison of operating division's actual financial performance against budget; and
  • year-end forecasts

The committee met regularly during the year and the issues discussed include insurance cover and uninsured risks and lease renewals within its delegated authority.

 

Remuneration committee

Steven Esom
Chairman of the Remuneration committee

The remuneration committee is responsible for determining the remuneration arrangements for the chairman, the executive directors and other members of the executive committee. Details of the composition and role of the remuneration committee are contained in the remuneration report on pages 76 to 94 of our Annual Report 2018, which also summarises the Company’s remuneration policy and contains details of directors’ remuneration.

The committee comprises the following non-executive directors (all of whom are independent):

  Date first appointed
Susan Hooper Sep 2015
Steven Esom Mar 2016
Alex Thursby Aug 2017
Chris Bell Jun 2018

 

Nominations committee

Ian Burke
Chairman

The committee comprises the following non-executive directors:

  Date first appointed
Ian Burke Jun 2014
Chris Bell Jul 2015
Susan Hooper Sep 2015
Steven Esom Mar 2016
Alex Thursby Aug 2017

 

The nominations committee is responsible for identifying relevant talent and nominating all board appointments with due regard for the benefits of diversity on the board, including gender.

 

Safer gambling committee

Susan Hooper
Chairman

The committee comprises the following non-executive directors and executive directors:

  Date first appointed
John O'Reilly May 2018
Ian Burke Mar 2016
Chris Bell Mar 2016
Susan Hooper Jul 2017

 

The safer gambling committee assists the board in the formulation and monitoring of the group's safer gambling strategy.

Executive committee

Rank's executive committee is not a board committee. It is responsible for day-to-day trading and is accountable to the chief executive for promoting and developing a profitable, long-term business.

Our Management