Board Committees

The Board has appointed an Asset, Audit, Remuneration and Nominations Committees. All Committees of the Board have written terms of reference and are in accordance with the provisions of the Combined Code.

Asset Committee

This committee is responsible for the approval of projects to be undertaken by the Group, together with the measurement and management of operational risk. Its remit extends to approving land purchases, financial investments and joint ventures within Board agreed strategy guidelines. The members of the Asset Committee during 2009 were: M.J. Leece, B. O'Connor, D.P. McInerney, T. Drumm (resigned 2 July 2009), E. Cunningham, J. Crowley, B. Smith, D. Ryder and D. O'Connor. Mr B. O'Connor chairs this committee.

Remuneration Committee

This committee deals with executive and senior management remuneration levels, remuneration policy and employee share incentive schemes. It also oversees Group pension arrangements. The members are: O. O'Mahony, E.F. Sullivan and D. Roche. Mr O. O'Mahony chairs this committee.

Audit Committee

This committee is responsible for the planning and supervision of the audit and for the review of internal control standards within the Group. The members are: B.P. Gilmore, D. Roche and O. O'Mahony. Mr B.P. Gilmore chairs this committee.

Nomination Committee

This committee is responsible for advising and recommending to the Board on the appointment of Directors to the Board. The members are: E.F. Sullivan, M.J. Leece and B. P. Gilmore. Mr E.F. Sullivan chairs this committee.