Committees & terms of reference
Here at Trifast we believe in effective, entrepreneurial and prudent management, using good corporate governance practice to deliver long term success for Trifast and all its stakeholders
The plc Board is appointed to act on behalf of the shareholders to run the day-to-day affairs of the business
The plc Board is made up of Executive Directors, who work within Trifast; and Independent Non-Executive Directors, whose roles are to provide balance and to ensure the Board as a whole functions effectively.
Where our Executive Directors have an in-depth knowledge of Trifast, our Non-Executive Directors provide a wider perspective of the world at large.
The Group also works with City specialists to ensure all levels of shareholders receive Trifast information.
How the plc Board is structured and works
The collective members of the plc Board plan and make decisions for Trifast, setting the strategic direction, making sure that all risks are managed effectively. Separate Board committees also exist, mostly made up of Non-Executive Directors, to focus on decision making areas that require an independent opinion.
Nomination Committee
Members
Clive Watson
Role
The Committee is responsible for considering the size, structure and composition of the Board, reviewing succession planning for Directors and Senior Management, including overseeing the development of a diverse talent pipeline, making appropriate recommendations to the Board on candidates, and ensuring a balance of skills, experience and knowledge is maintained on the Board.
Audit & Risk Committee
Members
Role
The Committee is responsible for providing effective governance over the Group’s financial reporting and making appropriate recommendations to the Board. This includes reviewing the effectiveness of the risk management and internal control frameworks, reviewing significant financial reporting judgements and reviewing the activities of internal audit. The Committee is also responsible for appointing the external auditor, approving fees and assessing audit quality and independence. Christopher Morgan acted as Secretary to the Committee throughout FY26. Members have been selected with the aim of providing the wide range of financial and commercial expertise necessary to fulfil Committee responsibilities.
Remuneration Committee
Members
Clive Watson
Role
To set the remuneration of the Executive Directors such that it attracts talented individuals and is fair in rewarding progress against the Company’s strategic plan and performance.
Responsible Business Committee
Members
Role
The role of the Committee is to ensure the understanding and effective implementation of the ESG strategy and how it relates to the broader corporate purpose and vision, as well as forming part of the Group’s culture. The Committee also works and liaises with other Board Committees to integrate sustainability and a responsible business culture in everything we do.
View more on the Responsible Business Committee terms of reference here