Remuneration Committee

The key responsibilities of the Committee are:

• To determine and agree with the Board the framework and policy for remuneration of the Chairman, the Executive Directors and senior management.
• Review the Remuneration Policy for all employees and have regard to pay and employment conditions across the Group, especially when determining changes to senior executive remuneration.
• To determine the total individual remuneration package of each Executive Director, the Chairman and senior management including bonuses and share awards.
• Review and take into account wider workforce remuneration, pension arrangements, related policies and align the incentives and rewards with culture.
• Ensure appropriate engagement with the wider workforce to explain the alignment between the executive remuneration pay policy and the wider workforce pay policy.
• Ensure share incentive plans promote long-term shareholdings by Executive Directors that support long-term shareholder interests.
• Develop a policy for post-employment shareholding requirements encompassing both vested and unvested shares.
• Obtain accurate information about remuneration in other companies of comparable scale and use such information carefully.
• To appoint remuneration consultants.
• Approve the design of any performance-related pay schemes operated by the Company and approve the total annual payments made under such schemes.
• Ensure that contractual terms on termination, and any payments made, are appropriate.
• Oversee any major changes in employee benefits structures throughout the Company or Group.
• Agree the policy for authorising claims for expenses from the Directors.
• Work and liaise as necessary with all other Board committees.

Chairman: Nicola Palios
Julia Chapman
Rupert Robson

Click here to download the Remuneration Committee Terms of Reference.