Having a formal and transparent procedure for developing policy on remuneration for Executive Directors is crucial. Our remuneration policy aims to attract, retain and motivate by linking reward to performance.
On pages 94 to 98 of the 2016 Annual Report you will find information on our proposed remuneration policy for Shareholder approval at the 2017 AGM and how we implemented our current remuneration policy in 2016.
We support the UK Corporate Governance Code published by the Financial Reporting Council (the ‘Code’). Each year we assess ourselves against the Code and provide a compliance statement which can be found on page 81 of the 2016 Annual Report.