INVESTORS & MEDIA
Remuneration Committee
Establishing the remuneration of our people
The Remuneration Committee is responsible for establishing the remuneration required to attract, motivate and retain high-calibre people focused on delivering our objectives.
Remuneration Committee members
The committee comprises:
- Lord Renwick of Clifton, KCMG – Chairman
- Philip Aiken
- Simon Heale
Roles and responsibilities
The committee's roles and responsibilities include:
- determining and agreeing with the Board remuneration that ensures Executive Directors and certain senior managers are rewarded fairly and responsibly
- setting and determining total individual remuneration arrangements for Executive Directors (including the Chairman) and certain senior managers
- approving the design of, and determining the targets for, any performance-related plans and share-incentive plans
- determining the terms of employment and remuneration of each Executive Director and certain senior managers, including recruitment and termination arrangements.