COA: 77.77 GBp
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Casa • About • Corporate Governance • Board Committees

CORPORATE GOVERNANCE

Board Committees

Find out more about the operation and responsibilities of Coats' Board committees:

Overview

The Board has delegated specific responsibilities to each of the Audit and Risk, Nomination, Remuneration and Sustainability Committees.

Audit and Risk Committee

Chair: Nicholas Bull
Members: Steve Murray and Jakob Sigurdsson
The Audit and Risk Committee is responsible on behalf of the Board for, amongst other things:

Principal objectives of the Audit and Risk Committee

Key responsibilities

The Audit and Risk Committee’s report on activities undertaken during the course of the year ended 31 December 2022 can be found on pages 71 to 76 of the Annual Report for the year ended 31 December 2022.
The Terms of Reference of the Committee are available to view here: Audit and Risk Committee Terms of Reference.
The Board and Audit and Risk Committee supports the publication of an Audit and Assurance Policy which can be found here. In response to the BEIS consultation on “Restoring Trust in Audit and Corporate Governance”, and our desire to take a proactive stance, we have produced the following statement which outlines in all key areas our approach to audit and assurance within the Group, including intended future developments.

Nomination Committee

Chair: David Gosnell
Members: Nicholas Bull, Echo Lu, Steve Murray, Fran Philip and Jakob Sigurdsson
The Nomination Committee is responsible on behalf of the Board for, amongst other things:

Principal objectives of the Nomination Committee

Key responsibilities

The Nomination Committee’s Report on activities undertaken during the course of the year ended 31 December 2022 can be found on pages 77 to 79 of the Annual Report for the year ended 31 December 2022.
The Terms of Reference of the Committee are available to view here: Nomination Committee Terms of Reference (PDF 0.1KB)

Remuneration Committee

Chair: Echo Lu
Members: Nicholas Bull, Steve Murray and Fran Philip
The Remuneration Committee is responsible on behalf of the Board for, amongst other things:

Key objectives of the Remuneration Committee

Our main objectives are to have fair, equitable and competitive reward packages that support our vision and help ensure that rewards are performance based and encourage longer term shareholder value creation.

Key responsibilities

The Remuneration Committee’s Report on activities undertaken during the course of the year ended 31 December 2022 can be found on pages 85 to 104 of the Annual Report for the year ended 31 December 2022.
The Terms of Reference of the Committee are available to view here: Remuneration Committee Terms of Reference. (PDF 0.1KB)
A copy of the Remuneration Policy as approved by shareholders at the Annual General Meeting held on 11 June 2020 is available to view here: 2020 Remuneration Policy.
A copy of the 2020 Remuneration Policy is available to view here. This will be subject to a binding shareholder vote at the 2023 AGM on 17 May 2023. If approved, the policy will apply for a period of up to three years from the date of approval.

Sustainability Committee

Chair: David Gosnell
Members: Nicholas Bull, Fran Philip and Rajiv Sharma
The Sustainability Committee is responsible on behalf of the Board for, amongst other things:

Key responsibilities

The Terms of Reference of the Committee are available to view here: Sustainability Committee Terms of Reference.