Directors
The directors during the whole of the year were Gareth Rhys
Williams, Alastair Hewgill, David Bell, John Potter and Will Wyatt.
Nigel Moore became a director on 1 March 2004. Michael
Harper was appointed a director on 14 June 2004 and became
Chairman on 1 November 2004 when Alison Carnwath stood
down at the end of October 2004. Alison Carnwath resigned as
a director on 30 December 2004.
The remuneration of the directors is set out in the Remuneration Report.
Photographs and biographies of the current directors are set out
on the Board of Directors page.
Directors’ shareholdings
The following table sets out the beneficial interests of those
persons who were directors at the end of the financial year. The
interests in the Company’s shares are shown as at 31 December
2004 and 1 January 2004 or subsequent date of appointment.
Details of the directors’ other interests in the Company's shares
are set out in the Remuneration Report
| Directors’ shareholdings |
31 December
2004 |
1 January 2004
or subsequent
date of
appointment |
| Chairman |
|
|
| Michael Harper |
15,000 |
- |
| Executive Directors |
|
|
| Gareth Rhys Williams |
27,705* |
17,705* |
| Alastair Hewgill |
15,651* |
7,651* |
| Non-executive Directors |
|
|
| David Bell |
- |
- |
| Nigel Moore |
5,695 |
- |
| John Potter |
3,000 |
3,000 |
| Will Wyatt |
675 |
675 |
| |
67,726 |
29,031 |
* Includes interests of 7,705 shares by Gareth Rhys Williams and 1,651 shares by Alastair Hewgill purchased in the market using funds supplied by the two
directors and held by Mourant & Co Trustees Limited, the trustee used to hold shares in respect of awards made under the Deferred Bonus Plan.
Payments to suppliers
It continues to be the Group’s policy that the Company and
individual subsidiary companies are responsible for negotiating
terms and conditions under which suppliers operate. Once
agreed, payments to suppliers are made in accordance with
those terms and conditions, subject always to the supplier
having complied with them. That policy will continue for the
financial year ending 31 December 2005. For the financial year
ended 31 December 2004 the Company paid its suppliers on
average within 16 days (2003: 15 days) of date of invoice.
Committees of the Board
Details of the Audit Committee, the Nominations Committee and
the Remuneration Committee are contained in the Corporate
Governance section of this annual report and in the
Remuneration Report.
Information correct at 13/04/05