Terms of reference of the Remuneration Committee
The Remuneration Committee comprises all the independent Non-executive Directors and is chaired by Roger Lane-Smith. The Committee reviews the contractual and remuneration arrangements of the Executive Directors and Senior Management, based upon their performance during the year.
Key duties of the Audit Committee include but are not limited to:
- to determine the remuneration of executive Directors and senior employees of the Company,the remuneration to include salary, bonuses, long term incentive arrangements, pension arrangements, non-cash benefits and grants of options over the Company's shares;
- to approve grants of options over the Company's shares;
- to agree the terms of contracts of employment of executive directors;
- to make recommendations to the Board as to the remuneration of the Directors and Senior management of the Company Company;
- to be responsible for overall Group remuneration policy and to review such specific aspects thereof as the Committee should see fit or as the Group Executive should refer to it;
- to review and approve the disclosures of executive remuneration in the Annual Report;
- to be responsible for the terms of reference, selection and appointment of remuneration consultants to advise the Committee, if appropriate; and
- to inform the Board of such matters as it might consider appropriate or as the Board might from time to time require.
For more information regarding the individual committees: