The Remuneration Committee determines and agrees with the Board the framework and broad policy for the remuneration of the Group Chief Executive Officer and Group Chief Financial Officer and other members of senior management. The Committee’s policy is to review remuneration based on independent assessment and market practice. The remuneration of Independent Non-Executive Directors is a matter for the Chairman and executive members of the Board. No executive is involved in any decisions as to their own remuneration.

 

The Remuneration Committee’s responsibilities include:

  • reviewing and providing the Board with a recommendation for a suitable remuneration framework for the Company;
  • monitoring the level and structure of remuneration for senior management and recommending adjustments where appropriate;
  • keeping under review its own performance, constitution and terms of reference; and
  • considering other matters as referred to it by the Board.

 

The membership of the Remuneration Committee is comprised of four members, all of whom are Independent Non-Executive Directors. The Chairman of the Remuneration Committee is Deepak Parekh.

The Remuneration Committee meets formally at least twice a year and otherwise as required

 

Further information regarding the activities of the Remuneration Committee are available in our Annual Report and Accounts found here.

Click here for the Remuneration Committee terms of reference.