The Trustee of the Plan is Norcros Group (Trustee) Ltd. The Trustee Board is responsible for ensuring that the Plan is run in accordance with the Rules and is legally bound to protect the interests of the members. There are eight Directors of the Trustee Board, four of whom are nominated by the Company and four by the membership. The member nominated Directors are made up of two active members, and two from the deferred/pensioner members.

The statutory power of appointing new or additional Trustees is vested with Norcros Group (Trustee) Ltd. Norcros Group (Holdings) Limited has the power of appointment of all Directors of Norcros Group (Trustee) Limited but is constrained by the provisions of the constitution. The power to remove any Trustee Director from office requires a unanimous vote of the remaining members of the Board, although the Chairman can be removed from office by Norcros Group (Holdings) Limited.

At 1 April 2009 the Directors were:

	Name	Date Appointment Expires	Category
	Mr D W Hamilton*	30 April 2011	Company Nominated
	Mr N P Kelsall†	30 April 2012	Company Nominated
	Mr B P Dowling†	14 May 2012	Company Nominated
	Vacant		Company Nominated
	Mr J A Turner*	8 January 2013	In-service Member
	Mr C J Whitell	31 March 2014	In-service Member
	Mr C Orange*†	4 February 2012	Pensioner
	Mr J L Smith*	31 January 2014	Deferred Member
	Mr G J Baker	N/A	Secretary

* Denotes a member of the Audit Committee.
† Denotes a member of the Investment Committee.

The Board of Norcros Group (Trustee) Limited meets at least four times a year. The quorum for such meetings is four, of which two are company nominated directors and two member nominated. Voting is by simple majority with the Chairman having the casting vote if necessary.

The Board has approved the setting up of an Investment Committee and an Audit Committee which also meet during the year. Both committees report to the Board.

The Trustee has appointed the following professional advisers to deal with certain aspects of running the Plan and provide specialist advice:

Auditors
Horwath Clark Whitehill
Aquis House
49-51 Blagrave Street
Reading
Berkshire RG1 1PL

Investment Adviser
BDO Stoy Hayward Investment Management Limited
55 Baker Street
London
W1V 7EU

Scheme Actuary
Mr M Condron
Mercer Human Resource Consulting Ltd
Tower Place
London
EC3R 5BU

Investment Managers and Custodians
BlackRock Investment Management (UK) Limited
33 King William Street
London EC4R 9AS

Henderson Global Investors Limited
4 Broadgate
London EC2M 2DA

Royal London Asset Management
55 Gracechurch Street
London
EC3V 0UF

State Street Global Advisers United Kingdom Limited
21 St James’s Square
London SW1Y 4SS

Schroders
31 Gresham Street
London
EC2V 7QA

KAS Bank N.V.
Suite 560
Salisbury House
London Wall
London EC2M 5NU

Money Purchase Insurers
Scottish Widows Fund and Life Assurance Society
Standard Life Assurance Company

AVC Providers
The Equitable Life Assurance Society
Standard Life Assurance Company

Solicitors
CityPoint
1 Ropemaker Street
London EC2Y 9AH

Bankers
National Westminster Bank plc
5 Broad Street
Wokingham
Berkshire