Nominations and Remuneration Committee

The Nominations and Remuneration Committee is responsible for evaluating the balance of skills, knowledge, experience and diversity of the Board, and periodically reviewing the Board’s structure and identifying potential candidates to be appointed as Directors, and preparing a description of the role and capabilities required for a particular appointment.

In addition, the Nominations and Remuneration Committee determines and agrees with the Board the framework and broad policy for the remuneration of the Group Chairman and Chief Executive Officer, Group Deputy Chief Executive Officer and Chief Financial Officer, and other members of senior management. The Committee’s policy is to review remuneration based on independent assessment and market practice. The remuneration of Independent Non-Executive Directors is a matter for the Chairman and executive members of the Board. No executive is involved in any decisions as to their own remuneration.

The membership of the Nominations and Remuneration Committee is comprised of three members, all of whom are Independent Non-Executive Directors. The Chairman of the Nominations and Remuneration Committee is Deepak Parekh.

The Nominations and Remuneration Committee meets formally at least twice a year and otherwise as required.

Click here for the Nominations and Remuneration Committee terms of reference.