Remuneration Committee

The Remuneration Committee currently comprises Nikki Beckett (Chairman), Alan bullock and Barry Poynter.

The Committee meets at least twice a year to review and determine the remuneration of the Executive Directors and the Directors of subsidiary companies.

The Committee receives material assistance from advice given by the Non-executive Directors of the Group’s Australian subsidiary: M W Oakley and M J Davies.

Directors’ Remuneration Policy

The Committee gives full consideration to the requirements in Schedule A to the Combined Code. The Directors’ remuneration policy is to ensure that remuneration is sufficiently attractive to attract, retain and motivate Executive Directors and Directors of subsidiary companies of a calibre that meets the Group’s needs to achieve its performance against financial objectives and relevant competitors.

Remuneration throughout the Group is designed to be competitive in the country of employment.