The Remuneration Committee has responsibility for setting the Group’s remuneration policy including executive remuneration, share arrangements, all employee share plans, bonus plans and pensions. The Remuneration Committee sets the levels of remuneration of the Executive Directors and the Chairman and other senior executives and prepares an annual remuneration report for approval by the Shareholders at the Company’s annual general meeting. The Remuneration Committee will normally meet at least twice a year.
The Remuneration Committee is chaired by Rebecca Shelley and its other members are Karen Geary and Michael Koller. The Code recommends that all members of the Remuneration Committee be non-executive directors, independent in character and judgement and free from any relationship or circumstance which may, could or would be likely to, or appear to, affect their judgement. The Board considers that the Company complies with this recommendation of the Code.
The company’s remuneration committee terms of reference can be found here