Sportingbet Plc Committees Brought in Line with UK Governance Code


This week, Sportingbet Plc announced the changes it has made to the composition of its Audit, Remuneration and Nomination Board Committees in order to bring them in compliance with the UK Governance Code issued by the Financial Reporting Council.

Based on the changes, the Audit Committee will keep its current chairman, Non-Executive Director Rory Macnamara. Its other members will be Non-Executive Directors, Chris Moss and Marie Stevens, while Brian Harris will cease to be a member of the Committee. This way, the company will comply with provision C.3.1 of the Code that says all three members of the Audit Committee will be independent Non-Executive Directors.

The chairman of the Remuneration Committee will continue to be Non-Executive Director Rory Macnamara and its other members will be Non-Executive Directors, Peter Dicks, Brian Harris, Chris Moss and Marie Stevens. Thus, the company complies with the Code's provision D.2.1 which says the Remuneration Committee will comprise at least three independent Non-Executive Directors.

Finally, the Nomination Committee will also keep being chaired by Non-Executive Director and Chairman of the Company, Peter Dicks. Also, all of its other members will be Non-Executive Directors, as prescribed by the Code's provision B.2.1., and will include Rory Macnamara, Chris Moss and Marie Stevens, while Brian Harris will cease to be a member of the Nomination Committee.

The company further specified that all of the changes will come into effect on December 4, 2012.

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