Investors

Remuneration committee

The remuneration committee comprises three independent non-executive directors.

Members

Purpose and Role of the Remuneration Committee

The remuneration committee determines and agrees with the Board the overall remuneration policy for the Executive Directors and the Group’s PDMRs (Persons Discharging Managerial Responsibilities). Within the terms of this agreed policy, the committee is also responsible for:

  • determining the total individual remuneration package for each Executive Director and the PDMRs;
  • determining the level of awards made under the Company’s LTIPs and employee share award schemes and the performance conditions which are to apply;
  • determining the KPIs used to measure performance for the annual bonus scheme;
  • determining the bonuses payable under the Company’s annual bonus scheme;
  • determining the vesting levels of awards under the Company’s LTIPs and employee share award schemes; and
  • determining the policy for pension arrangements, service agreements and termination payments for Executive Directors and PDMRs.

Download the remuneration committee's terms of reference PDF (0.14MB)

Read more about the committee in the 2019 Annual Report and Accounts


Key contact

Duncan Wood,
Company Secretary
Contact
T: +44 131 475 3000