Remuneration committee
Members
David Lis (Chair)
Charlotte Twyning
Heather Lawrence
Gillian Elcock
Chris Grigg
Ian Barkshire
Role and responsibilities
The Remuneration Committee (the “Committee”) continues to follow a consistent remuneration strategy based around four key principles – namely, that executive remuneration is simple, transparent, supports the delivery of value creation, and pays only for performance. This strategy remains central to the Company’s success and in driving the Company’s original “Buy, Improve, Sell” model and now driving its growth as a UK listed global aerospace technology company.
These four key principles of the remuneration strategy are wholly aligned with the UK Corporate Governance Code factors of clarity, simplicity, risk, predictability, proportionality and alignment to culture. The Committee ensured that it took all of these elements into account when establishing the Remuneration Policy, as well as its application to executive Directors during 2024.
The Board has delegated to the Committee responsibility for overseeing the remuneration of the Chairman of the Board and the executive Directors.
The Committee’s responsibilities include:
- Establishing and maintaining an executive Director remuneration policy that is appropriate, consistent and reflective of Melrose’s remuneration philosophy.
- Determining the remuneration policy for the executive Directors.
- Setting remuneration packages for the Chair, executive Directors, Company Secretary and the next level of senior management in accordance (as applicable) with the Directors’ remuneration policy.
- Operating the Company’s long-term incentive arrangements.
The Committee’s terms of reference, which were last reviewed by the Committee in March 2025, are available through the link below and from the Company Secretary at the Company’s registered office.