Governance Remuneration Report
RemunerationCommittee
Terms of reference The Committee’s terms of reference are available on the Company’s website. The principal functions of the Committee as set out in the terms of reference include the following matters: ӱ Review the ongoing ӱ Determine the remuneration of the Chairman, Executive Directors and such members of the executive management as it is designated to consider; ӱ Review the design of all share incentive plans for approval by the Board; and ӱ Appoint and set the terms of reference for any remuneration consultants. appropriateness and relevance of the Directors’ Remuneration Policy;
Maria Bentley Chair of the Remuneration Committee
The Remuneration Committee is chaired by Maria Bentley. The other members of the Committee are LenaWilson, Mark Batten and Richard Jones.
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Advisers During the year, Deloitte LLP has provided independent advice in relation to market data, share valuations, share plan administration and content of the Remuneration Report. Total fees for the year were £43,500 (calculated on a time spent basis). Deloitte LLP is a founding member of the Remuneration Consultants Group and, as such, voluntarily operates under the code of conduct in relation to executive remuneration consulting in the UK. In addition Deloitte also provided taxation services and advice to the Company during the year. The Committee has reviewed the nature of this additional advice and is satisfied that it does not compromise the independence of the advice that it has received. Other attendees at Committee meetings during the year were Michael Morris and Andrew Dewhirst. Neither participated in discussions relating to their own remuneration.
We are putting forward a revised Remuneration Policy for approval by shareholders this year. Maria Bentley Chair of the Remuneration Committee
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