This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. For more details about cookies and how to manage them see our cookie policy.
The Board is responsible for approving the Company’s strategy and monitoring its implementation, for managing the operations of the Company and for providing leadership and support to the senior management team in achieving sustainable added value for shareholders. It is also responsible for enabling the efficient operation of the Group by providing adequate financial and human resources and an appropriate system of financial control to ensure these resources are fully monitored and utilised.
The Board has delegated authority to a number of committees to ensure the efficient implementation of good governance practices.
The governance framework is illustrated below (page references are on the 2020 Annual Report which can be downloaded here)
The role of the Audit Committee is to:
The Audit Committee is chaired by Eileen Kamerick who brings expertise in relation to financial reporting and risk management given her career as a senior finance professional working across sectors including investment banking, recruitment, healthcare and the extractive industry. The other members of the Audit Committee are Michael Rawlinson and Jill Gardiner. All members are considered to be Independent Directors. The lead partner of the external auditors, the Executive Directors and the Head of Internal Audit attend each Audit Committee meeting by invitation.
Audit Committee Terms of Reference
The role of the Sustainability Committee is to oversee and to make all necessary recommendations to the Board in connection with corporate social responsibility issues as they affect the Company’s operations. In particular, it focuses on compliance with national and international standards to ensure that effective systems of standards, procedures and practices are in place at each of the Company’s operations. The Sustainability Committee is also responsible for reviewing management’s investigation of incidents or accidents that occur in order to assess whether policy improvements are required.
The Sustainability Committee is chaired by Tracey Kerr and its other members are Ignacio Bustamante, Eileen Kamerick and Mike Sylvestre.
Sustainability Committee Terms of Reference
The role of the Nomination Committee is to identify and nominate candidates for the approval of the Board to fill Board vacancies and make recommendations to the Board on Board composition and balance. The Nomination Committee also prepares the Chairman’s job description including any other significant commitments which he should be responsible for. In addition, the Nomination Committee has been authorised by the Board to review Directors’ external interests with regards to any actual, perceived or potential conflicts of interests.
The members of the Nomination Committee are Eduardo Hochschild (Chair), Jorge Born Jr., Jill Gardiner, Nicolas Hochschild, Eileen Kamerick, Tracey Kerr, Michael Rawlinson and Mike Sylvestre.
Nomination Committee Terms of Reference
The role of the Remuneration Committee is to determine and agree with the Board the broad policy for the remuneration of the Executive Directors, the other members of senior management and the Company Secretary, as well as their specific remuneration packages, including pension rights and, where applicable, any compensation payments.
The Remuneration Committee comprises the following independent Non-Executive Directors: Michael Rawlinson (Chair), Jill Gardiner and Tracey Kerr.
Remuneration Committee Terms of Reference
ELECTRONIC VERSIONS OF THE MATERIALS YOU ARE SEEKING TO ACCESS (THE “MATERIALS”) ARE BEING MADE AVAILABLE ON THIS WEBSITE BY HOCHSCHILD MINING PLC (THE “COMPANY”). THE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSIBLE BY PERSONS RESIDENT OR LOCATED IN ANY JURISDICTION WHERE THE EXTENSION OF AVAILABILITY OF THE MATERIALS WOULD BREACH ANY APPLICABLE LAW OR REGULATION.
IMPORTANT: You must read the following notice carefully, as it applies to all persons who access this website. Please note that the disclaimer set out below may be altered or updated. You should read it in full each time you visit the site. If you access the Materials on this website, you agree to be bound by the terms and conditions below. If you do not agree to the terms and conditions, do not access this website or view any of the Materials.
None of the Materials are a prospectus and the Materials do not constitute or form part of any offer or invitation to purchase, acquire, subscribe for, sell, dispose of or issue, or any solicitation of any offer to sell, dispose of, purchase, acquire or subscribe for, any security.
The release, publication or distribution of the Materials in jurisdictions other than the United Kingdom may be restricted by law and, therefore, any persons who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any applicable requirements. The Materials has been prepared for the purposes of complying with English law and the United Kingdom Listing Rules and the information disclosed may not be the same as that which would have been disclosed if the Materials had been prepared in accordance with the laws and regulations of any jurisdiction outside of England. It is the responsibility of any person resident or located outside the United Kingdom to satisfy themselves as to the full observance of the laws and regulatory requirements of the relevant jurisdiction in connection accessing or viewing the Materials, including obtaining any governmental or other consents which may be required or observing any other formalities required to be observed in such territory and paying any other issue, transfer or other taxes due in such jurisdiction. If in doubt, such persons should consult their professional advisers. Persons (including, without limitation, nominees and trustees) accessing the Materials should not distribute or send it into any jurisdiction when to do so would, or might, contravene local securities laws or regulations.
The Materials may include certain forward-looking statements, beliefs or opinions. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, “estimates”, “plans”, “anticipates”, “targets”, “aims”, “continues”, “expects”, “intends”, “hopes”, “may”, “will”, “would”, “could” or “should” or, in each case, their negative or other various or comparable terminology or by discussions of strategy, plans, objectives, goals, future events or intentions.
These statements are made in good faith based on available information at the date of the relevant Materials and reflect beliefs and expectations as at such date. By their nature, these statements involve risk and uncertainty because they relate to events and depend on circumstances that may or may not occur in the future. A number of factors could cause actual results and developments to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, developments in the global economy, changes in regulation and government policies, spending and procurement methodologies, currency fluctuations, a failure in health, safety or environmental policies and other factors discussed in the Materials.
No representation or warranty is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Forward-looking statements may, and often do, differ materially from actual results. Any forward-looking statements in the Materials speak only as of their respective dates, reflect current views with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions. Subject to applicable legal or regulatory requirements, the Company explicitly disclaims any obligation or undertaking publicly to release the result of any revisions to any forward-looking statements in the Materials that may occur due to any change in the Company’s expectations or to reflect events or circumstances after the date of the relevant Materials.
No statement in the Materials is or is intended to be a profit forecast or to imply that the earnings for the current or future financial years will necessarily match or exceed the historical or published earnings.
Any information contained in the Materials on the price at which shares or other securities in the Company have been bought or sold in the past, or on the yield on such shares or other securities, should not be relied upon as a guide to future performance.
I represent and warrant that I am neither located nor resident in any jurisdiction where accessing the Materials or the website is unlawful, and I agree that I will not transmit or otherwise send (by any means including by electronic transmission) any Materials (either in whole or in part) to any person located or resident in any jurisdiction where to do so is unlawful.
I have read and understood the information set forth above and agree to be bound by its terms. I understand that the terms set out above may affect my rights. By clicking the ‘Agree’ button I confirm that I am permitted to proceed to electronic versions of the Materials.