Information on the Audit and Risk Committee, Remuneration Committee, Nomination Committee and R&D Committee.
|Member||Audit and Risk Committee||Remuneration Committee||Nomination Committee||R&D Committee|
|Dr. Peter Fellner||X|
|Dr. Anders Ekblom||X||X||X||X|
|Dr. Frank Armstrong||X||X||X|
The Audit and Risk Committee is made up of three non-executive directors, Mr Blackburn (Chair), Dr Ekblom, and Mr Kashyap. While Mr Kashyap is not considered to be independent by the Board, he has recent and relevant financial experience. The Company is otherwise in compliance with the UK Corporate Governance Code in relation to its Audit and Risk Committee.
The Audit and Risk Committee meets at least three times a year within the appropriate reporting and audit cycle. The Committee’s responsibilities include monitoring the financial integrity of the financial statements of the Mereo Group, communication with the Group’s auditor, reviewing the effectiveness of Mereo Group’s internal control systems and risk management systems and overseeing the process for managing risks across the Mereo Group.
The Audit and Risk Committee focuses in particular on compliance with legal requirements, accounting standards and the rules of the FCA and ensuring that an effective system of internal financial control is maintained. The ultimate responsibility for reviewing and approving the annual report and accounts and the half-yearly reports, remains with the Board of Directors of Mereo Biopharma.
The Remuneration Committee is made up of three members who are all independent non-executive directors. The Remuneration Committee comprises Dr Armstrong, Mr Bains, and Dr Ekblom (Chair).
The Nomination Committee is made up of three members, the majority of whom are independent non-executive directors. The Nomination Committee comprises Dr Fellner (Chair), Dr Armstrong, Mr Bains, Dr Ekblom, Mr Blackburn and Mr Kashyap. The Nomination Committee meets at least twice a year.
The Nomination Committee is responsible for considering and making recommendations to the Board in respect of appointments to the Board. It is also responsible for keeping the structure, size and composition of the Board under regular review, and for making recommendations to the Board with regard to any changes necessary. The Nomination Committee also considers succession planning and composition of the Board committees
The Research and Development Committee is comprised of Dr Armstrong (Chair), Mr Bains, and Dr Ekblom.
The Research and Development Committee meets at least twice a year and provides oversight of the research and development activities of the Company. This includes overseeing strategic development plans for products in the Company’s portfolio and providing input to the acquisition of new products. The Committee is also tasked with keeping up-to-date with the competitive landscape that may affect the Company’s research and development and commercial activities, and providing guidance and making recommendations to the Board in respect of such activities.
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