NATS-Annual-Report-2015

Annual Report and Accounts 2015 | NATS Holdings Limited
Governance 56
Governance report
(continued)
Corporate Governance Code B.3.2: The terms and
conditions of non-executive Directors
As noted in the Remuneration Committee report, the
AG Nominee directors and Partnership directors do not
have service contracts with NATS and, as a result, the
terms and conditions of appointment cannot be made
available for inspection. The Partnership directors are
engaged on 3-year fixed-term contracts and have letters
of appointment from the Department for Transport. The
Chairman has a service contract with NATS, details of which
are set out in the Remuneration Committee report.
Corporate Governance Code B.7: Re-election
of Directors
The non-executive directors are appointed by the
shareholding groups and are therefore subject to the
relevant shareholding groups’ selection processes, rather
than those included in the provisions of the Code. They are
therefore not subject to periodic re-election as stipulated
by Section B.7 of the Code, although Partnership directors
are appointed by the Government on 3-year fixed-term
contracts. This aligns with the recommendation in B.7.1
that the maximum period between re-election is 3 years,
reducing to 1 year for non-executive directors who have
served longer than 9 years. Brenda Dean has a 2 year
contract from 2013 which will bring her total tenure to 9
years in 2015 as she has been in post since 2006.
The tenure of non-executive directors is as follows:
Name Date of appointment Years of service to
31 March 2015*
Paul Golby 1 September 2014 7 months
John Devaney 1 July 2005 9 years 3 months
Chris Bennett 20 March 2014 12 months
Warwick Brady 23 May 2013 1 year 6 months
Harry Bush 27 May 2014 10 months
Roger Cato 28 April 2003 11 years 9 months
Baroness Dean of Thornton-le-Fylde 24 July 2006 8 years 8 months
Will Facey 27 November 2014 5 months
Richard Keys 1 September 2013 1 year 7 months
Andy Lord 26 February 2009 6 years 1 month
Iain McNicoll 1 September 2013 1 year 7 months
Gavin Merchant 20 March 2014 12 months
Mike Powell 20 March 2014 2 months
Peter Read 23 September 2002 12 years 6 months
Tony Tyler 1 July 2013 1 year 9 months
* Years of service to resignation, if earlier.
Governance