Continuity in an uncertain world

REPORT FROM THE NOMINATION COMMITTEE

Membership
The Nomination Committee (the Committee) is chaired by the Chairman of the Company, who is non-executive, and its other members during the year were the non-executive Deputy Chairman, the Group Chief Executive, Mr Stace and Mr Joslin. Its membership was unchanged during the year. On 1 January 2004, Mr Stace was replaced on the Committee by Mr Mylvaganam.

Terms of reference
All proposals for appointment, election or re-election to the Board, whether in a non-executive or executive capacity, are considered by the Committee, which makes recommendations to the Board. Re-nomination of directors to the relevant Annual General Meeting is considered on a case by case basis before recommendations are made. The Committee’s revised terms of reference, adopted for the Committee by the Board in November 2003, amplified the Committee’s responsibilities to keep under review and advise the Board on such areas as the Board’s structure and composition, the leadership required to ensure the continued competitiveness of the Company, succession planning and committee appointments. No director may participate in any decision regarding his or her own position.

The Committee's terms of reference are available in the corporate governance section of the Amlin website and from the Secretary on request.

Meetings
The Committee meets as frequently as is required to fulfil its duties. It met twice during 2003, when attendance was as follows:

Nomination Committee attendance 2003

Committee member Number of Committee
meetings attended

R S Joslin 2
C E L Philipps 2
J L Stace 2
Lord Stewartby 2
R J Taylor 2

% attendance 100%

Activities
During the year the Committee considered re-nominations to the Board for the 2003 AGM, succession planning regarding both the executive and non-executive directors and, latterly in the year, commenced planning a recruitment process for a new non-executive director. No new appointments to the Board were made during the year.


By Order of the Board, on the recommendation of its Nomination Committee

C C T Pender Secretary
9 March 2004



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