Remuneration Committee

In accordance with the principles of good corporate governance, the following committees have been established by the Board, to which it has delegated certain of its responsibilities, and these operate to written terms of reference which are available for you to read on this site.

Members:

Robert MacLeod (Chair)
Paul Walker
Alistair Cox
June Felix

All committee members are non-executive directors. Paul Walker is the Chair of the Board.

Key duties

The Remuneration Committee is responsible for all elements of the remuneration of the executive directors of the Company, and the Chair of the Board, including pension rights and any compensation payments.

The Committee also advises on the remuneration for senior executives below board level.

Any decisions made by the Committee in relation to the Chair and executive directors of the Board must be made within the scope and the terms of the current directors’ remuneration policy as approved by ordinary resolution of the shareholders of the Company.

The duties of the Remuneration Committee are set out in its terms of reference which can be viewed via the link below.

Documentation

Remuneration Committee terms of reference

See our Annual Directors’ Remuneration Report on pages 121 to 142 of the Annual Report and Financial Statements 2022