West Indian Tobacco - Corporate governance

Board Committees

Audit Committee

The Audit Committee monitors the integrity of the financial statements of the Company and reviews and when appropriate, makes recommendations to the Board on top ten business risks, internal controls and compliance and ensures that adequate mitigating measures are in place. The Committee also reviews the financial reporting and audit process, as the Company’s risk management and internal control processes strike the balance between fostering entrepreneurship within the Company’s business model while safeguarding shareholder investments and the Company’s assets.

Nominations Committee

The role of the Nomination Committee is to make recommendations to the Board on suitable candidates for appointment as Board Directors, as members of the Senior leadership team and as Company Secretary, ensuring that both the Board and the Senior Leadership have an appropriate balance of expertise and ability. In addition, it is responsible for reviewing the succession plans for the Executive Directors and members of the Senior leadership team.

Remuneration Committee

The role of the Remuneration Committee (RC) is to determine the framework and policy on terms of engagement, including all forms of remuneration and compensation, of the Company‘s workforce inclusive of Executive Directors senior management and the company secretary and specific remuneration of each Executive Director each member of the senior management and the company secretary (including entitlements under share incentive schemes and pension schemes) and any compensation payments.