Abbey’s Board of Directors
The Board is currently comprised of the Executive Chairman, three executive directors and three non-executive directors.
Executive directors are not required to submit themselves for re-election, apart from at their first Annual General Meeting. Their election is covered by Articles 87 and 94 of the Company’s Articles of Association.
Non-executive directors are not appointed for specific terms and their election is covered by Article 87 of the Company’s Articles of Association. Non-excutive directors are required to submit themsleves for re-election by rotation and their re-election is covered by Article 98 of the Company’s Articles of Association. One third of non-executive directors retire by rotation each year.
Audit and Remuneration Committees
Both the Audit and Remuneration Committees comprise all the non-executive directors with Mr Roger Humber as Chairman of both Committees.
The Audit Committee meets not less than twice each year. It is primarily responsible for monitoring the effectiveness of the Group’s Internal Control Systems and Procedures and for reviewing that the financial statements properly reflect the financial performance of the Group, together with any others areas as defined by the board.
The Remuneration Committee meets when required. It is responsible for determining the remuneration of executive directors including their basic salaries and other terms of their remuneration packages.
Charles H. Gallagher (54) M.A., MSc.
A Director of Abbey plc since 1986, Mr. Charles Gallagher was appointed Executive Chairman in May 1993. He is a past president of the H.B.F. (UK House Builders Federation). Mr. Gallagher is also a director of a number of other companies including Gallagher Holdings Limited, Matthew Homes Limited and Charles Wilson Engineers Limited.
Brian R. Hawkins (69) (British) BSc (Eng)
Mr. Hawkins joined the Abbey Group in 1990. He was previously Managing Director of Abbey Developments Limited from May 1993 to December 2006 and Managing Director of Abbey Group Limited from January 2007 to September 2009. Since October 2009 he fulfils a part-time executive role for Abbey plc. He was co-opted to the Abbey plc Board in June 1997. He holds no other directorships other than those within Abbey plc and its subsidiaries.
Robert N. Kennedy (60) (British) BSc (Econ)
Mr. Kennedy joined the Abbey Group in 1996 and is Managing Director of M&J Engineers Limited. He was co-opted to the Abbey plc Board in December 1997. He holds no other directorships other than those within Abbey plc and its subsidiaries.
Lorenzo G. Fraquelli (55) (British) BSc (Civil Eng)
Mr. Fraquelli joined the Abbey Group in January 2007 and is Managing Director of Abbey Developments Limited. He was co-opted to the Abbey plc Board in November 2009. He holds no other directorships other than those within Abbey plc and its subsidiaries.
David A. Gallagher • ∆ (53) B.A., MSc. (Non-Executive)
Mr. Gallagher was appointed to the Abbey plc Board in May 1993. Mr. Gallagher is a director of a number of other companies including Gallagher Holdings Limited, Matthew Homes Limited and Charles Wilson Engineers Limited.
J. Roger Humber • ∆ (70) (British) BSc (Econ), Hon D. Tech (Non-Executive)
Mr. Humber was appointed to the Abbey plc Board in December 1999. He was previously Chief Executive of the H.B.F. (UK House Builders Federation) from 1979 to 1999. Mr. Humber is a director of a number of other companies including P.E. Jones (Contractors) Limited and its subsidiaries.
Michael A. McNulty • ∆ (68) FCA, F Inst D, AITI (Non-Executive)
Mr. McNulty was appointed a non-executive director of the Group in December 2011. He is a former Senior Audit Partner of Ernst & Young in Ireland, together with being the previous head of their Corporate Finance Division. Mr McNulty is a director of a number of other companies including University College Dublin Foundation Limited, Irish Payments Services Organisation Limited and served previously as a non-executive director on such companies as An Post Limited, Temple Bar Properties Limited, StayinFront Limited and he is a former Chairman of The Pensions Board of Ireland.
(•) Member of Audit Committee
(∆) Member of Remuneration Committee