The remuneration committee consists of the Chairman and the non-executive Directors. It is chaired by Tim Wright and meets as required during the year.
The committee reviews the performance of the executive Directors and sets and reviews the scale and structure of their remuneration and the basis of their remuneration and the terms of their service agreements with due regard to the interests of Shareholders. In determining the remuneration of executive Directors, the remuneration committee seeks to enable the Company to attract and retain executives of the highest calibre.
The remuneration committee also makes recommendations to the Board concerning the allocation of share options to employees.
No Director or Proposed Director is permitted to participate in discussions or decisions concerning their own remuneration.