Remuneration Committee

Main responsibilities

The main responsibilities of the Committee are to:

  • annually review remuneration trends across the Group and obtain reliable and up-to-date information about the remuneration of Directors and senior employees in other companies;
  • consider and make recommendations to the Board on the framework for the remuneration of the Company’s executive Directors, the Company Secretary and other senior employees;
  • ensure the executive Directors and senior employees are provided with appropriate annual incentives to encourage enhanced performance and that they are rewarded for their individual contributions to the success of the Company; and
  • approve the structure of, and determine targets for, any long term incentive plans operated by the Company.

In developing its recommendations, the Committee has given due consideration to Schedule 8 of Part 15 of the Companies Act 2006.

Remuneration Committee terms of reference (PDF 0.2MB)