UNBOUNCE - EXAMPLE PAGE-REPORT-ENTERPRISE DOCUMENT-KINGSPAN - Flipbook - Page 82
to demonstrate the requisite
commitment to discharge their duties
effectively. The committee reviews the
extent of the directors’ other interests
on an ongoing basis throughout
the year. The committee is satisfied
that each of the directors commits
sufficient time to their duties in relation
to the Company. The Chairman
and each of the directors have also
confirmed they have sufficient time to
fulfil their obligations to the Company.
In assessing the time commitments
of Board members, the committee
had particular regard for the external
commitments of Michael Cawley,
who is also a non-executive director
of Ryanair Holdings plc, and Flutter
Entertainment plc, as well as chairman
of Hostelworld Group plc. Mr Cawley
informed the committee that he will
be retiring from the Board of Flutter
Entertainment plc in April 2022. The
committee reviewed Mr Cawley’s
attendance and contribution as a
non-executive director, as well as his
other mandates. It noted that Mr
Cawley was a strong contributor to the
Board and its committees, and that
his attendance at and preparation for
meetings during the year abundantly
demonstrated his commitment to
discharge his duties (including in
particular his role as chair of the
newly expanded Audit & Compliance
Committee). The committee is
satisfied that he will continue to devote
sufficient time to the Board and its
sub-committees.
In October 2021 Geoff Doherty was
appointed to the board of Ryanair
Holdings plc. The committee was
satisfied that this appointment would
not impinge on Mr Doherty’s duties
as an executive director of Kingspan,
and considered that the appointment
would give Mr Doherty a fresh
perspective of a global industry leader
in a different sector with a similar
entrepreneurial high growth culture
and a particular focus on compliance
and safety.
The committee will continue to
keep under review the external
commitments of all directors.
78 - 79
The Eversheds Sutherland Review
Last year Kingspan announced a
review, conducted by Eversheds
Sutherland, of compliance and
governance in the UK Insulation
business. Kingspan committed
to implementing in full the
recommendations.
We are pleased to set out on the
following page a summary of the
actions which the Board has taken in
response to those recommendations.
Full details are published on our
microsite: inquiry.kingspan.com
School Upgrade
Toronto, Canada
Insulated Panels
KS Micro-Rib & MF
Panels
