The Board of Methven is responsible for the strategic direction of the Company and ensuring that the Company is managed properly and for the benefit of shareholders. Some of the key responsibilities of the Board include:
- Developing the strategic direction of Methven, in conjunction with Methven's senior management team;
- Monitoring the performance of management and the overall financial performance of the Company and the Methven Group;
- Monitoring Methven's regulatory and legislative compliance and risk management processes;
- Ensuring effective policies and procedures concerning disclosure to the market and shareholders.
The Board has adopted what it believes to be appropriate corporate governance policies and procedures, which it reviews on an on-going basis
The Board currently comprises five Directors, of which four are non-Executive Directors and one Executive Director. The Directors considered independent by Methven are Phil Lough (Chairman), Peter Stanes, Richard Cutfield and Alison Taylor. The remaining Director, Rick Fala, is deemed not to be independent.
Audit, Compliance and Risk Management Committee
The Audit, Compliance and Risk Management Committee comprises Peter Stanes (Chairman), Phil Lough, Richard Cutfield and Alison Taylor. This committee assists the Board to fulfil its responsibilities in the areas of financial and risk management.
The Remuneration Committee comprises, Richard Cutfield (Chairman), Phil Lough, Peter Stanes and Alison Taylor. This committee provides assistance to the Board to ensure that the company has remuneration and human resource policies that attract, retain and motivate high calibre and high performing executives and directors.