The Board’s role is to agree the Group’s long term direction and strategy and monitor achievement of its business objectives. The Board meets four times a year for these purposes and holds additional meetings when necessary to transact other business. The Board receives reports for consideration on all significant strategic and operational matters.
The Board delegates certain of its responsibilities to the Audit & Risk, Remuneration and Nomination Committees of the Board. These Committees operate within clearly defined terms of reference.
The Audit & Risk Committee, composed entirely of non-executive directors, assists the Board in meeting responsibilities in respect of external financial reporting and internal controls. The Committee also keeps under review the scope and results of the audit. It also considers the cost effectiveness, independence and objectivity of the auditor taking account of any non-audit services provided by them.
Current Audit Committee members are:-
· James Cole (Audit Committee Chairman)
· Adam Hainsworth
The Remuneration Committee also comprises the non-executive directors. From January 2026, The Executive Chairman, Patrick Cheetham, is remunerated by Sunrise Resources plc.
Current Remuneration Committee members are:-
· Adam Hainsworth (Remuneration Committee Chairman)
· James Cole
The Nomination Committee comprises the Chairman and the non-executive directors. The Committee meets at least once per year to lead the formal process of rigorous and transparent procedures for Board appointments and to make recommendations to the Board in accordance with best practice and other applicable rules and regulations, insofar as they are appropriate to the Group at this stage in its development.
Current Nomination Committee members are:-
· Patrick Cheetham (Nomination Committee Chairman)
· Adam Hainsworth
· James Cole
