Corporate Governance

The Directors recognise the importance of sound corporate governance and intend to comply with the Corporate Governance Guidelines, to the extent appropriate for a company of Snoozebox’s nature and size.

Audit Committee

The audit committee is chaired by Stephen East. Its other members are Richard Davies and Hugh Scrimgeour. The audit committee meets a minimun of twice a year and is responsible for ensuring that financial performance of Snoozebox is reported on and monitored, including review of the annual and interim accounts, results announcements, internal control systems and procedures and accounting policies.

Remuneration Committee

The remuneration committee is chaired by Richard Davies. Its other members are Stephen East and Hugh Scrimgeour. It meets twice a year. It is responsible for determining, within agreed frames of reference, policy on the remuneration of senior executives and specific remuneration packages for Executive Directors. It is also responsible for recommending the grant of share options to management and employees.