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Chairman: Michael Cronk
Other members: Waldemar Schmidt, Peter Brooks
Remuneration policy for executive Directors and the determination of individual Directors’ remuneration has been delegated to the Remuneration Committee. The Committee consists of Michael Cronk (Chairman), Waldemar Schmidt and Peter Brooks. Each is a non-executive Director. The Remuneration Committee met five times during fiscal 2006, with all members present at each meeting. Remuneration Committee’s terms of reference include reviewing and setting the remuneration and benefits packages of the executive Directors. They also include monitoring the level and structure of remuneration for senior management to ensure an appropriate relativity between the remuneration packages of the executive Directors and senior management. The fees of the non-executive Directors are determined by the full Board. Hewitt Associates were appointed by the Remuneration Committee as its consultants on 22 May 2003 and have since then provided the Remuneration Committee with advice and guidance. Other than advising the Committee on long-term incentive plans, Hewitt Associates provide no other services and have no other connection with the Group. The Remuneration Committee is also supported by Robert Eimers, the Executive Vice President, Global Human Resources and David Hooper, the Company Secretary.
Please follow this link for more information on the Remuneration committee terms of reference.
Other members: Waldemar Schmidt, Peter Brooks
Remuneration policy for executive Directors and the determination of individual Directors’ remuneration has been delegated to the Remuneration Committee. The Committee consists of Michael Cronk (Chairman), Waldemar Schmidt and Peter Brooks. Each is a non-executive Director. The Remuneration Committee met five times during fiscal 2006, with all members present at each meeting. Remuneration Committee’s terms of reference include reviewing and setting the remuneration and benefits packages of the executive Directors. They also include monitoring the level and structure of remuneration for senior management to ensure an appropriate relativity between the remuneration packages of the executive Directors and senior management. The fees of the non-executive Directors are determined by the full Board. Hewitt Associates were appointed by the Remuneration Committee as its consultants on 22 May 2003 and have since then provided the Remuneration Committee with advice and guidance. Other than advising the Committee on long-term incentive plans, Hewitt Associates provide no other services and have no other connection with the Group. The Remuneration Committee is also supported by Robert Eimers, the Executive Vice President, Global Human Resources and David Hooper, the Company Secretary.
Please follow this link for more information on the Remuneration committee terms of reference.
