Document:

EX-4.C(xlvi)

 Exhibit 4C (xlvi) 

					
	 Smith & Nephew plc
 15 Adam Street

London WC2N 6LA
 England
	  	 T 44 (0) 20 7401 7646
 F 44 (0) 20 7930 3353

www.smith-nephew.com
	  	

 8 February 2017 
 Mr Ian Barlow 

c/o: 15 Adam Street 
 London 

WC2N 6LA 
 Dear Ian, 

Following the Nomination & Governance Committee meeting on 7 February 2017 and the Board meeting on 8 February 2017, I am pleased to confirm your
appointment as Senior Independent Director of Smith and Nephew plc with effect from the conclusion of the Annual General Meeting to be held on 6 April 2017, when Brian Larcombe will be retiring from the Board. I also confirm that you will cease
to be Chairman of the Audit Committee on 1 March 2017, although you will still remain a member of the Audit Committee. 
 In your role as Senior Independent
Director, you will be expected to: 
  

	 	(a)	act as the sounding board and provide support to the Chairman in delivering his objectives; 

  

	 	(b)	lead the annual evaluation of the Chairman’s performance in accordance with the UK Corporate Governance Code 2016; 

  

	 	(c)	in conjunction with the Company Secretary complete a Board evaluations when this is not outsourced externally; 

  

	 	(d)	chair meetings of the Nomination & Governance Committee when it is considering succession to the role of the Chairman of the Board; 

 

	 	(e)	be available to shareholders if they have concerns which contact through the normal channels of Chairman, Chief Executive Officer or Chief Financial Officer has failed to resolve or where such contact is inappropriate;

  

	 	(f)	attend sufficient meetings with major shareholders and financial analysts to obtain a balanced understanding of the issues and concerns of such shareholders; and 

 

	 	(g)	work with the Chairman and other Directors to resolve contentious issues. 

					
	 Smith & Nephew plc
 15 Adam Street

London WC2N 6LA
 England
	  	 T 44 (0) 20 7401 7646
 F 44 (0) 20 7930 3353

www.smith-nephew.com
	  	

  

 As a result of these changes, your fees will remain the same at £63,000 in cash for your role as Non-Executive Director, £20,000 in cash for your role as Senior Independent Director and £5,135, which will be paid in the form of shares in August each year (subject to income tax and statutory
deductions). There is an additional allowance relating to inter-continental travel of £3,500 per trip. 
 Yours sincerely 

Susan Swabey 
 Company SecretaryEX-4.C(xlvii)

 Exhibit 4C (xlvii) 

 

					
	 Smith & Nephew plc
 15 Adam Street

London WC2N 6LA
 England
	  	 T 44 (0) 20 7401 7646
 F 44 (0) 20 7930 3353

www.smith-nephew.com
	  	

 8 February 2017 
 Mr Roberto Quarta 

C/o 15, Adam Street 
 London 

WC2N 6LA 
 Dear Roberto, 

SMITH & NEPHEW plc (THE “COMPANY”) AND YOUR RE-APPOINTMENT AS CHAIRMAN 

Following the recommendation of the Nomination & Governance Committee, the Board of the Company (the “Board”) confirms that you will remain on
the Board as Chairman of the Company from 10 April 2017. This letter confirms the main terms of your appointment to this office. It is agreed that this is a contract for services and not a contract of employment. You should be aware that your re-appointment will have to be ratified by the Company’s shareholders at the Annual General Meeting and is subject to the Company’s Articles of Association as amended from time to time. If there is a
conflict between the terms of this letter and the Articles of Association then the Articles shall prevail. 
 DUTIES 

 

	1.	You are already aware how the Board is structured and what authorities are delegated to the Chief Executive Officer and his colleagues. 

 

	2.	The Board as a whole is collectively responsible for promoting the success of the Company by directing and supervising the Company’s affairs. The Board’s role is to: 

 

	 	(a)	provide entrepreneurial leadership to the Company within a framework of prudent and effective controls which enable risk to be assessed and managed; 

 

	 	(b)	set the Company’s strategic aims, ensure that the necessary financial and human resources are in place for the Company to meet its objectives, and review management performance; and 

 

	 	(c)	set the Company’s values and standards and ensure that its obligations to its shareholders and others are understood and met. 

					
	 Smith & Nephew plc
 15 Adam Street

London WC2N 6LA
 England
	  	 T 44 (0) 20 7401 7646
 F 44 (0) 20 7930 3353

www.smith-nephew.com
	  	

  

	3.	In your role as a Director you are required (with the other non-executives) to: 

  

	 	(a)	constructively challenge and contribute to the development of strategy; 

  

	 	(b)	scrutinise the performance of management in meeting agreed goals and objectives and monitor the reporting of performance; 

  

	 	(c)	satisfy yourself that financial information is accurate and that financial controls and systems of risk management are robust and defensible; and 

 

	 	(d)	have a prime role in appointing, and where necessary removing, senior management and in succession planning and where required by the relevant policy of the Company from time to time be responsible for determining
appropriate levels of remuneration of executive directors. 

  

	4.	In your role as Chairman, you are additionally required to: 

  

	 	(a)	provide coherent leadership of the Company, including, in conjunction with the Chief Executive Officer and Chief Financial Officer, representing the Company to customers, suppliers, governments, shareholders, financial
institutions, the media, the community and the public; 

  

	 	(b)	ensure the Board continues to maintain and build on the reputation of the Company; 

  

	 	(c)	provide leadership to the Board and interface with the Chief Executive Officer; 

  

	 	(d)	develop an active, challenging and committed Board and elicit its consensus view; 

  

	 	(e)	set the tone, values and ethics of the Board and thereby the Company by upholding the highest standards of integrity and probity; 

  

	 	(f)	ensure good communications between Board meetings and see that the Board receives full and proper information; 

  

	 	(g)	ensure that the Board takes responsibility for strategy and key decisions by: 

  

	 	(i)	making sure that it is engaged in setting objectives and assessing strategy; and 

  

	 	(ii)	ensuring that it focuses on key tasks; 

  

	 	(h)	keep up the pace and, where appropriate, the pressure by pushing for top corporate performance, taking an independent perspective on management’s performance and ensuring that there is a leadership and
organisation; 

  

	 	(i)	guide and appraise the Chief Executive Officer by giving guidance and leadership, assisting in setting strategy and balancing the power and authority of the Chief Executive Officer; and 

  
 2 

					
	 Smith & Nephew plc
 15 Adam Street

London WC2N 6LA
 England
	  	 T 44 (0) 20 7401 7646
 F 44 (0) 20 7930 3353

www.smith-nephew.com
	  	

  

  

	5.	You will be required to: 

  

	 	(a)	exercise relevant powers under the Company’s Articles of Association; 

  

	 	(b)	perform your duties faithfully, efficiently and diligently and use all reasonable endeavours to promote the interests and reputation of the Company; 

 

	 	(c)	serve on various committees of the Board and attend wherever possible all meetings of such committees. You will be provided with the terms of reference of a committee on your appointment to such a committee;

  

	 	(d)	attend wherever possible all Annual General Meetings and other General Meetings of the Company; 

  

	 	(e)	attend wherever possible all meetings of the Board, which meets at least six times a year, normally at 15 Adam Street, London WC2N 6LA (at least one meeting per year is held at one of the major business divisions);

  

	 	(f)	attend wherever possible the Annual Strategy Review, which is usually held off-site over two days in September; 

 

	 	(g)	consider all relevant papers in advance of each meeting in order to ensure that you can play a full part in the work of the Board and its committees; 

 

	 	(h)	bring independent judgement to bear on issues of strategy, policy, resources, performance and standards of conduct; 

  

	 	(i)	make yourself available (on reasonable notice) to provide ad hoc advice to individual directors of the Company. We do not envisage that this would take more than three days of your time a year; 

 

	 	(j)	provide guidance and direction in planning, developing and enhancing the future strategic direction of the Company; 

  

	 	(k)	share responsibility with the other directors for the effective control of the Company and with the other non-executive directors for the supervision of the executive directors;

  

	 	(l)	comply with the Market Abuse Regulations relating to securities transactions by directors of UK listed companies and with any code of conduct relating to securities transactions by directors and specified employees
issued by the Company from time to time (the Smith & Nephew Code of Dealing in Securities has been sent to you and further copies are available from the Company Secretary); and 

 

	 	(m)	comply with the New York Stock Exchange. You will be advised by the Company Secretary where these differ from requirements in the UK. 

  
 3 

					
	 Smith & Nephew plc
 15 Adam Street

London WC2N 6LA
 England
	  	 T 44 (0) 20 7401 7646
 F 44 (0) 20 7930 3353

www.smith-nephew.com
	  	

  

	6.	Overall the Company anticipates that you will need to spend a minimum of 15 days per year fulfilling your duties. This will include the Board Meetings, Annual General Meetings, one Board
away-day each year and Board committee meetings. In addition you will be expected to spend an appropriate period of time preparing for each meeting and be prepared to be available for additional meetings and
business when required. By accepting this appointment you confirm that you are able to commit sufficient time to the role to meet the Company’s expectations. 

 

	7.	The Company seeks to adhere to the principles in the UK Corporate Governance Code. You will be expected to carry out your duties in accordance with the principles set out in these reports, copies of which are available
from the Company Secretary. 

  

	8.	The performance of the Board and its committees, and of individual directors, is evaluated annually. At least every third year the performance will be reviewed by an external body. 

 

	9.	You shall, in pursuance of your duties hereunder, be entitled to request such information from the Company, its subsidiary undertakings (as defined in section 1162 of the Companies Act 2006 as amended from time to time)
or its or their employees, consultants or professional advisers as may be reasonably necessary to enable you to perform your role effectively. The Company shall use its reasonable endeavours to provide such information promptly. 

CONFIDENTIALITY 
 During the course of your duties you will have access to
confidential information belonging to the Company and its subsidiary undertakings (including, but not limited to, details of suppliers, customers, margins, know-how, marketing and other relevant business
information). Unauthorised disclosure of this information could seriously damage the Company. You therefore undertake not to use or disclose such information save in pursuance of your duties or in accordance with any statutory obligation or court or
similar order. 
 Your attention is drawn to the rules relating to the disclosure of price sensitive information. You must not make any statement or do anything which
may be a breach of these rules without prior clearance from the Chairman or Company Secretary. 

  
 4 

					
	 Smith & Nephew plc
 15 Adam Street

London WC2N 6LA
 England
	  	 T 44 (0) 20 7401 7646
 F 44 (0) 20 7930 3353

www.smith-nephew.com
	  	

  

 OUTSIDE INTERESTS 
 The
agreement of the Senior Independent Director should be sought before you accept any new outside interests which might affect the time you are able to devote to this appointment. 

In accordance with the principles set out in the UK Corporate Governance Code you must inform the Company Secretary of any interests which you have, or acquire, which
might reasonably be thought to jeopardise your independence from the Company. You should also provide the Company Secretary with any change to your personal details. 

During your appointment you must not take up any office or employment with, or have any interest in, any firm or company which is or may be in direct or indirect
competition with the Company. 
 The Board has determined you to be independent, according to the provisions of the UK Corporate Governance Code. 

INSURANCE 
 During your appointment you will be covered by the Company’s
directors’ and officers’ liability insurance on the terms in place from time to time. Details of the policy are available from the Company Secretary. The Company does not guarantee to maintain this insurance cover after the termination of
your appointment, but you will continue to be covered by the policy or any replacement on the same basis as the rest of the Board. 
 A deed of indemnity is in place
between you and the Company. 
 APPOINTMENT 
 Your re-appointment will be from 10 April 2017 and is terminable at the will of the parties. However, it is envisaged that it will be for a further period of 3 years continuing until 9 April 2020 subject to an
annual review taking into account the need for progressive refreshing of the Board. The continuation of your appointment depends upon satisfactory performance and re-election at each Annual General Meeting.

 All appointments and re-appointments to the Board will be subject to the Company’s Articles of Association. If you are
not re-elected to your position as a director of the Company by the shareholders at any time and for any reason then this appointment shall terminate automatically and with immediate effect. 

On termination of the appointment you shall only be entitled to such fees as may have accrued to the date of termination together with reimbursement in the normal way
of any expenses properly incurred prior to that date and will be expected to return all company property. 

  
 5 

					
	 Smith & Nephew plc
 15 Adam Street

London WC2N 6LA
 England
	  	 T 44 (0) 20 7401 7646
 F 44 (0) 20 7930 3353

www.smith-nephew.com
	  	

  

 REMUNERATION 
 The fees are
currently £309,000 per annum in cash and £103,000 delivered in shares in August each year (subject to income tax and statutory deductions) and will be reviewed each year. There is an additional allowance relating to inter-continental
travel of £3,500 per trip. 
 EXPENSES 
 The Company will reimburse
you for any expenses that you may incur properly and reasonably in performing your duties and which are properly documented. Such expenses would include reasonable legal fees if circumstances should arise in which it was necessary for you to seek
separate legal advice about the performance of your duties. In such a situation, you are required to discuss the issue either with me or with one of your non-executive colleagues in advance. 

INDEPENDENT PROFESSIONAL ADVICE 
 In some circumstances you may think that you
need professional advice in the furtherance of your duties as a director. It may also be appropriate for you to seek advice from independent advisers at the Company’s expense. The Company will reimburse the full cost of any expenditure
incurred. 
 DATA PROTECTION 
 By signing this agreement you consent to the
Company holding and processing information about you which it may acquire during the course of this agreement, providing such use is in accordance with the Data Protection Act 1998. 

THIRD PARTY RIGHTS 
 The Contracts (Rights of Third Parties) Act 1999 shall
not apply to this agreement. No person other than the parties to this agreement shall have any rights under it and it will not be enforceable by any person other than the parties to it. 

ENTIRE AGREEMENT 
 This agreement constitutes the entire and only agreement
relating to your re-appointment between you and the Company and shall be construed in accordance with English law. 
 Any
previous agreement or arrangement between you and the Company or any Group company shall be deemed to have been terminated by mutual consent as from the commencement of this re-appointment, including but not
limited to our appointment letter dated 30 October 2013. 

  
 6 

					
	 Smith & Nephew plc
 15 Adam Street

London WC2N 6LA
 England
	  	 T 44 (0) 20 7401 7646
 F 44 (0) 20 7930 3353

www.smith-nephew.com
	  	

  

 Please sign and return the enclosed copy of this letter to confirm your agreement to your re-appointment on the above terms. 
 I look forward to continue working with you in the future. 

Yours sincerely 
 Susan Swabey 

Company Secretary 
 I, Roberto Quarta, agree to the above terms of re-appointment as Chairman of Smith & Nephew plc. 
  

			
	Signature	 	/s/ Roberto Quarta
		
	Date	 	February 8, 2017

  
 7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00267-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00267-of-00352.parquet"}]]