The Remuneration Committee operates within defined terms of reference and reports directly to the Board.
The responsibilities of the Remuneration Committee include determining the framework for the remuneration of the executive directors, determining targets for performance-related pay schemes and determining the policy for and scope of service agreements for the executive directors, termination payments and compensation commitments.
The Committee retained Alan Judes as its independent adviser during 2010-11 via his consultancy, Strategic Remuneration. The Committee took advice during the year from Strategic Remuneration, Chris Grigg, and Anthony Braine. Strategic Remuneration also gave advice on personnel and share plan matters. The Committee is satisfied that there is no conflict in Strategic Remuneration providing such services to the company.
Remuneration Committee members
- Lord Turnbull, Non-executive Director (Committee Chairman)
- John Gildersleeve, Senior Independent Director
- Dido Harding, Non-executive Director
