The Nomination and Governance Committee of the Company leads the process for Board appointments other than those non-executive Directors nominated by the Board of Glanbia Co-operative Society Limited for appointment to the Board of the Company.
The Nomination and Governance Committee also considers appointments to Senior Executive positions and also keeps under review corporate governance developments with the aim of ensuring that the Group's governance policies and practices continue to be in line with best practice.
The Committee comprises five Non- Executive Directors of whom two members constitute a quorum. The Group Secretary acts as secretary to the Committee.
Nomination Committee Members:
- Henry Corbally (Committee chairman)
- Patrick Coveney
- Donard Gaynor
- Paul Haran
- Dan O'Connor
The Nomination and Governance Committee focuses on Board composition and refreshment. The current composition and size of the Board reflects the historical shareholding and relationship of the Company with Glanbia Co-operative Society Limited (the “Society”). The Society currently owns 36.5% of the issued shared capital of the Company. During 2012 (and amended during 2015) the Society and the Board agreed certain changes, which will impact the composition and the size of the Board reducing the number of Society Nominee Directors to seven in 2020.
The key roles and responsibilities of the Nomination and Governance Committee during 2015 are set out in detail in the Nomination and Governance Committee Report. This report is designed to provide you with details of our activities during 2015. A copy of the Terms of Reference of the Nomination and Governance Committee is available for download by clicking on the link on your right.