The Board has delegated authority for remuneration policy and determining the specific packages for the Chairman and executive directors to the Remuneration Committee, and has delegated authority to agree fees payable to the non-executive directors to the Non-Executive Directors’ Fees Committee. The reports from both these Committees are incorporated into this Remuneration report, together with a report on the remuneration or fees paid to directors and the policy underpinning this.
The Remuneration report is structured as follows:
- Remuneration Committee report
- Non-Executive Directors’ Fees Committee report
- Remuneration reporting
- Remuneration policy and service contracts for executive directors
- Chairman’s appointment, term and fees
- Non-executive directors’ appointment, term and fees
- Tabular information on directors’ shareholdings, emoluments, pensions and share-based incentives
