Remuneration Committee

The Remuneration Committee is currently made up of:

Chairman: Lord Moonie

Members: Tim Bristow and Rod Perry.

Responsibilities
The Remuneration Committee meets regularly to oversee and agree with the Board the framework and broad policy for the remuneration of the Chairman of the Board, Executive Directors, Secretary and senior management and annually reviews the total individual remuneration packages of each of these individuals, including bonuses, incentive payment and share options. In a wider context, the Committee also oversees major changes in employee benefit structures throughout the Group.

Other Information
The Combined Code recommends that all members of the remuneration committee should be non-executive directors who are independent for Combined Code purposes. The Terms of Reference for the Remuneration Committee are also available here.