2nd Mar 2015 10:57
FBD Holdings plc
2 March 2015
Changes to Board Committees
At its meeting on 27 February 2015, the Board of FBD Holdings plc ("FBD" or the "Group") approved the following changes to its Committees on the recommendation of the Nomination Committee, to take immediate effect.
All of these changes have been made to ensure that the composition of each of the Board's Committees fully meets the requirements of the UK Corporate Governance Code.
Nomination Committee
Mr. Andrew Langford, the Group Chief Executive, stepped down from the Nomination Committee. As Mr. Langford is the Chief Executive he is not considered to be an independent Director.
Mr. Eddie Downey, an independent non-executive Director, was appointed as a member of the Nomination Committee.
These changes will ensure that the Committee comprises a majority of Directors considered to be independent.
Remuneration Committee
Mr. Michael Berkery, the Group Chairman, stepped down as a member of the Remuneration Committee.
Following the above changes, the composition of the Board's main committees now comprises the following:
Audit Committee | Remuneration Committee | Nomination Committee |
Emer Daly * | Emer Daly * | Michael Berkery (Ch) |
Sean Dorgan (Ch) * | Sean Dorgan (Ch) * | Eddie Downey * |
Eddie Downey * | Brid Horan * | Brid Horan * |
* Indicates considered by the Board to be independent
For Reference | Telephone |
FBD Holdings plc | |
Conor Gouldson, Company Secretary | +353 1 409 3208 |
FBD Holdings plc FBD House, Bluebell, Dublin 12 Registered in Dublin, Ireland Registered Number 135882 |
Related Shares:
FBH.L