Remuneration Committee

PURPOSE OF THE COMMITTEE

The Committee is responsible for the oversight of the remuneration, performance, development and employment conditions of holders of senior posts, including the Group Principal and Chief Executive Officer and the Director of Governance. The Committee will make recommendations to the Corporation on policies relating to the conduct, discipline, grievance and dismissal of senior post holders. The Committee will recommend annual performance targets to the Corporation and monitor progress against these, ensuring that annual appraisals are carried out. Before making any recommendations regarding pay, the Committee will have regard to comparative data for benchmarking purposes.

MEMBERS OF THE COMMITTEE

• Neil Yeomans (Chair)
• Richard Smith-Morgan
• Rob Hull

TERMS OF REFERENCE & KEY DOCUMENTS