Eddie Stobart Logistics plc is a company incorporated in England and Wales and was registered in March 2014 with registered number 08922456. The main country of operation is the United Kingdom with subsidiaries based in Northern Europe.

The information is being disclosed for the purposes of AIM Rule 26. The page was last updated on 15th February 2019.

Board Committees


Audit Committee

The Audit Committee is chaired by Christopher Casey and its other members are Philip Swatman and Stephen Harley, each of whom is an independent non-executive director. The Audit Committee is expected to meet formally at least two times a year and otherwise as required. It is responsible for ensuring that the financial performance of the Company is properly reported on and reviewed and its role includes monitoring the integrity of the financial statements of the Company (including annual and interim accounts and results announcements), reviewing internal control and risk management systems, reviewing any changes to accounting policies, reviewing and monitoring the extent of the non-audit services undertaken by external auditors and advising on the appointment of external auditors.

For more information please reference the ‘Audit Committee Terms of Reference’ available as a download.

 

Remuneration Committee

The Remuneration Committee is chaired by Philip Swatman and its other members are Stephen Harley and Christopher Casey, each of whom is an independent non-executive director. The Remuneration Committee is expected to meet as required. It is responsible for determining, within the agreed terms of reference, the Company’s policy on the remuneration packages of the Company’s chairman, the executive directors, senior managers and such other members of the executive management as it is designated to consider. The Remuneration Committee is also responsible for determining (within the terms of the Company’s policy and in consultation with the chairman of the Board and/or the chief executive officer) the total individual remuneration package for each executive director and other designated senior executives (including bonuses, incentive payments and share options or other share awards). The remuneration of non-executive directors will be a matter for the chairman and executive directors of the Board. No director or manager will be allowed to partake in any discussions as to their own remuneration. In addition, the Remuneration Committee is responsible for reviewing the structure, size and composition (including the skills, knowledge and experience) of the Board and giving full consideration to succession planning. It will also have responsibility for recommending new appointments to the Board.

For more information please reference the ‘Remuneration Committee Terms of Reference’ available as a download.

 

Board and Committee Independence

Notwithstanding that the UK Corporate Governance Code does not apply to the Company, the Company intends to comply with its recommendation for a ‘‘smaller company’’ (defined in the UK Corporate Governance Code as being a company that is outside the FTSE 350, as the Company will be), that it should have at least two independent non-executive directors. As of the date of this Document, the Board consists of three independent non-executive directors (including the Chairman) and two executive directors. The Company regards the non-executive directors as ‘‘independent non-executive directors’’ within the meaning of the UK Corporate Governance Code and free from any relationship that could materially interfere with the exercise of their independent judgement.