Gerald Carey, Non-executive Chairman
Gerald Carey is a former regional director of Barclays Bank plc and is a non-executive Chairman of five other companies including Oxley Technology Group and Barnes Logistics Limited. He is also a Fellow of the Chartered Institute of Bankers. Gerald was appointed chairman of the Company on 4 January 2006.
Gerald chairs the Audit committee and sits on the Remuneration committee.
David Mond, Chief Executive Officer
David qualified as a Chartered Accountant in 1971.
Since that time he has been in public practice as a chartered accountant specialising in all types of personal and corporate insolvency matters as well as turnaround situations.
He is senior partner of Hodgsons Chartered Accountants.
For 10 years David served on the Council of the Association of Business Recovery Professionals (formerly SPI), retiring in April 2003. David currently sits on the Joint BBA/Insolvency Service Standing Committee on the IVA Protocol, which aims to make the IVA process as smooth and certain as possible for debtors and creditors. He has also been asked to join the Stakeholders Group of the Ministry of Justice current review into the regulation of debt management plans.
On the 13 October 2008 David became Chairman of the Debt Resolution Forum (DRF) the body that promotes professional standards for resolving debtors' financial problems, focussed on the quality of advice provided to consumer debtors by all DRF members.
David is a licensed insolvency practitioner.
David Shalom, Group Finance Director
David qualified with Deloitte's audit division in 1991 and subsequently spent four years in their corporate recovery division. In 1995, David joined Coral Products plc, a fully listed company, and was appointed finance director in 1997, aged 30. In 2002, he became finance director of a private textile importer before leaving in 2004 to become a consultant involved in the provision of Executive and Non-Executive Directorships to small and medium sized businesses. David was the non-executive finance director at the time of the flotation of the company in 2006 and now re-joins as the Group Finance Director.
Andrew Smith, Marketing Director
Andrew is a member of the Chartered Institute of Public Relations and also has diplomas from the Chartered Institute of Marketing and the Communications, Advertising and Marketing Foundation. He has worked in marketing communications for 28 years including experience in the consumer finance and professional services sectors. Between 1987 and 1989 he was marketing communications manager for chartered accountants, BDO Binder Hamlyn, managing a large department with significant national and local budgets. Between 1992 and 2004 Andrew was a director of specialist insolvency communications firm, Smith Grundon & Partners Limited. He joined ClearDebt in August 2004.
Anthony Leon, Non-executive Director
Anthony is a chartered accountant and was managing partner of Binder Hamlyn's Manchester office for 15 years. He is currently non-executive director of three other AIM quoted companies. He is also a non-executive director of Central Manchester and Manchester Childrens' University Hospitals NHS Trust, having been chairman of the Mancunian Community NHS Trust between 1995 and 2001. Anthony is a deputy lieutenant in the county of Greater Manchester. Anthony was appointed a director of the Company on 15 December 2006. Anthony chairs the Remuneration Committee and sits on the Audit committee.
Corporate governance and AIM compliance
The Board recognises the importance of sound corporate governance commensurate with the size of the Enlarged Group and interests of its Shareholders. The Directors will take such measures, so far as is practicable taking into account the size and nature of the Enlarged Group to comply with the Combined Code. Accordingly, the Company has in place an audit committee and remuneration committee.
The audit committee which comprises Gerry Carey and Anthony Leon and which is chaired by Gerry Carey meets as least twice per annum and is responsible for ensuring the integrity of the financial information reported to Shareholders and the systems of internal controls. This committee provides an opportunity for reporting by the Company's auditors. The Chief Executive Officer attends meetings by invitation. The remuneration committee which comprises David Mond and Anthony Leon and which is chaired by Anthony Leon meets at least twice per annum to determine the terms of employment and total remuneration of the executive directors, including the granting of any share options and the administration of any incentive schemes. The objective of this committee is to attract, retain and motivate executives capable of delivering the Company's objectives.
Additionally, the Board has established an AIM Rules Compliance Committee which comprise David Mond and Anthony Leon. The committee will meet as least twice per annum with additional meetings convened as requested by members of the committee. The committee will be responsible for ensuring that the Company has in place sufficient procedures, resources and controls to enable it to comply with the AIM Rules.
