Remuneration committee

The remuneration committee comprises three independent non-executive directors.


Role and responsibilities

The role of the remuneration committee includes:

  • determining and agreeing with the Board the remuneration policy for all the Executive Directors, the Chairman, and the Company’s PDMRs;
  • within the terms of the agreed policy, determining the total individual remuneration package for each Executive Director; determining the level of awards made under the Company’s share option plans and long-term incentive plans and the performance conditions which are to apply;
  • determining bonuses payable under the Company’s annual cash bonus scheme;
  • determining the vesting of awards under the Company’s long-term incentive plans and exercise of share options; and
  • determining the policy for pension arrangements, service agreements and termination payments for Executive Directors.

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

Read more about the committee in the 2018 Annual Report and Accounts

Key contact

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