The role of the Remuneration Committee is to determine and agree with the Board the broad policy for the remuneration of executives and senior management as designated, as well as specific remuneration packages, including pension rights and any compensation payments. The remuneration of the Chairman and Non-Executive Directors is decided upon by the full Board. The Remuneration Committee will meet at least twice a year. The Combined Code recommends that all members of the Remuneration Committee should be non-executive directors who are all independent in character and judgement and free from relationships or circumstances which are likely to affect, or could appear to affect, their judgement.
The Remuneration Committee is chaired by Sir Richard Sykes and the other members are Sir Paul Judge, Mr. Kenneth Olisa and Mr. Mehmet Dalman. The Company complies with the Combined Code recommendations regarding membership of the Remuneration Committee.