Committees of the Board

To assist in the execution of its responsibilities, Scott Corporation Limited’s Board has in place a Safety, Health and Environment Committee, an Audit Committee and a Remuneration Committee.

Safety, Health & Environment Committee
This Committee was established to maintain and enhance our strong stance on safety, the environment and other related issues. Its responsibilities are to monitor the progress of the company’s strategic plans to ensure safety, health and environmental issues are properly managed. The Committee meets on a quarterly basis or otherwise as required and reports to the Board.

Audit Committee
The role of this Committee is to serve as an independent body to monitor Scott Corporation’s financial reporting process and internal control systems. The Committee also provides an open avenue of communication between the Board, internal and external auditors and senior executives. The Audit Committee consists of non-executive Directors and is chaired by a Director other than the Chairman of the Board. The Committee meets at least four times per year.

Remuneration Committee
The Remuneration Committee is responsible for monitoring the performance of remuneration policies and packages applicable to Board members, the Secretary and senior managers and making recommendations on these matters to the Board. The Committee also plays a role in senior managers’ performance evaluation and management succession planning. When required, the Remuneration Committee obtains independent advice on the level of remuneration packages. The Committee meets as required.