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Remuneration committee


The Committee consists entirely of independent non-executive directors and meets at least four times a year. It meets with the Chief Executive and Group Finance Director, as well as privately with both the external and internal auditors.

In summary, the Committee:

  • Sets the remuneration policy and determines the remuneration and benefits of the executive directors, the Company Secretary and, in conjunction with the executive directors, the Group Chairman.
  • Determines the conditions and terms of service agreements of the executive directors and, in conjunction with the executive directors, the terms of appointment of the Group Chairman.
  • Determines the conditions and terms of service for and, recommends and monitors the level and structure of remuneration for senior management.
  • Sets the performance conditions for, determines any awards of and administers the exercise of any awards or share options granted under any of the Company's share incentive plans.
  • Determines the policy and approval process for the executive directors and other senior management taking-up external non-executive appointments.
  • Reports to the board on the work that it has carried out.

The terms of reference of the Committee include all matters indicated by the UK Corporate Governance Code.


Board committees


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