Steve Williams (Chairman)
Alan Ferguson
Anita Frew
Helena Ganczakowski
Nigel Turner

The Committee determines and agrees with the Board the Company's remuneration policy and framework. It determines the remuneration packages for all Executive Directors and the Chairman, and recommends and monitors the level and structure of remuneration for senior managers.

The Key responsibilities of the Committee are to:

  • To determine the Company's remuneration policy and framework, taking into account factors which it deems necessary, including legal and regulatory requirements
  • To review the ongoing appropriateness and relevance of the remuneration policy
  • To determine the total individual remuneration packages for the Chairman, each Executive Director, the Company Secretary and other members of the Executive management team as are designated by the Board from time to time
  • To ensure that no payment or proposed payment is made that is not consistent with the remuneration policy most recently approved by shareholders
  • To select, appoint and set the terms of reference for any remuneration consultants who advise the Committee
  • To oversee any major changes in employee benefits structures throughout the Group

Detailed responsibilities are set out in the Committee’s terms of reference.

Looking ahead to 2016

In addition to routine business, the Committee will:

  • Review our remuneration policy for adoption at the 2017 AGM
  • Consult with shareholders on the remuneration policy  

External advisers to the Remuneration Committee

New Bridge Street (part of Aon Plc) was retained as the appointed adviser to the Committee during 2015 to provide independent advice on remuneration policy and practice. New Bridge Street has no connection with the Group other than in providing advice in relation to Executive remuneration and Non-Executive fees. Another subsidiary of Aon Plc provides insurance broking services to the Group. The Committee is comfortable that no conflicts arise out of these relationships. The total fees paid to New Bridge Street for its services during the year were £30,902 (excluding VAT). New Bridge Street is a signatory to the Remuneration Consultants Group Code of Conduct.

The Committee regularly reviews the external adviser relationship and is comfortable that the advice it is receiving remains objective and independent.