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J G
Henry (41) was appointed Chief Executive
Officer in July 2006 having previously been Finance
Director since October 2002. He has held several
positions with Avocet since joining the Company
in 1994, including the position of General Manager
of the Bishop facility in the USA.
A M
Norris (43) was appointed Finance Director
in July 2007 having previously been Chief Financial
Officer since February 2007. He worked for L.E.K.
Consulting, a firm of strategic management consultants,
before qualifying as a chartered accountant with
Coopers & Lybrand in 1993. He then held a
number of senior financial and operational roles
within Rio Tinto plc and Anglo American plc. He
was CFO at two of Rio's mines in the US and held
the position of production manager at one of them,
an open pit gold mining operation.
N G
McNair Scott (62) has been non-executive
Chairman of the Company since its listing on the
London Stock Exchange in 1996. He has been Finance
Director of Helical Bar plc since 1987. Previously
he was a director of Johnson Matthey Plc and held
various positions in the Anglo American plc and
Charter Consolidated groups. He had over 25 years
direct experience in the mining business before
becoming non-executive Chairman of Avocet.
Sir
Richard Brooke Bt. (69) became a non-executive
director in June 1995. He serves on the board
of Fidelity Special Values PLC and is chairman
of other investment entities associated with J
O Hambro Investment Management Ltd. He was previously
a director of S. G. Warburg Group plc, J O Hambro
& Company Limited and a number of publicly
quoted investment trusts and other private companies.
He has over 45 years of experience in all aspects
of the securities industry worldwide.
J F
Newman (78) became a non-executive director
in February 1996. He has been deputy Chairman
of Blick plc and Chairman of Galloway Group, Rom
River Co. Ltd and Hoogovens UK Ltd. He has had
a breadth of experience in the engineering industry.
R A
Pilkington (62) became a non-executive
director in March 1996. He is a Managing Director
of UBS Investment Bank. He is also a director
of ASA Limited, an investment trust investing
principally in the shares of South African gold
mining companies. Following an earlier career
with the Anglo American group, he has been an
investment banker in New York for the last 25
years, and has advised some of the world's leading
gold mining companies.
M
J Donoghue (59) became a non-executive
director in July 2006. He is a mining engineer
with over 30 years experience in mining operations
and new mine developments in Africa, Australia,
South East Asia and Europe. Currently he is the
Executive Chairman of Ormonde Mining plc. Previously
he held the position of General Manager - Operations
of Delta Gold, Sydney, Australia.
R S
Robertson (56) became a non-executive
director in February 2007. He is Chairman of West
China Cement Limited and Project Trust. He has
over thirty years experience in extractive industry
and was previously Chief Executive of Tarmac and
Anglo Industrial Minerals.
Note: Ages are as at 31 March
2008
The Nomination
committee meets at least once per year to select
and recommend to the board suitable candidates
for both executive and non-executive appointments
to the board. The committee reviews the annual
performance appraisals of all the board members
during the year. The membership of the committee
comprises N G McNair Scott (Chairman), Sir Richard
Brooke Bt., J F Newman and R A Pilkington.
The Remuneration committee reviews
the performance of the executive directors and
sets the scale and structure of their remuneration
on the basis of their service agreements with
due regard to the interests of the shareholders
and the performance of the Group. The Remuneration
committee also makes recommendations to the board
concerning employee incentives, including the
allocation of share issues to employees. Directors
of the Group are not permitted to participate
in discussions or decisions of the committee concerning
their own remuneration. The membership of the
committee comprises N G McNair Scott (Chairman),
Sir Richard Brooke Bt., J F Newman and R A Pilkington.
The Audit committee meets at least twice a year
and provides a forum for reporting by the Company's
external auditors. Meetings are also attended,
by invitation, by other members of senior management
as appropriate. The Audit committee is responsible
for reviewing a wide range of financial matters
including the status of the Company as a going
concern and the half-year and annual financial
statements prior to their submission to the board.
The Audit committee keeps under review whether
an internal audit function would add value to
the Company, and also the extent of non-audit
services supplied by the external auditors to
the Company.The membership of the committee comprises
Sir Richard Brooke Bt. (Chairman), N G McNair
Scott, R S Robertson,J F Newman and R A Pilkington.
Summary of matters requiring
action or approval by the Board:
- Management structure and
appointments.
- Strategy and policies
- Transactions not in the ordinary
course of business.
- Financial policy
- Corporate governance
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