REMUNERATION COMMITTEE

• Assist the Board in fulfilling its responsibilities in respect of establishing appropriate remuneration levels and policies including incentive policies for directors and senior executives;
• Assess the market to ensure that senior executives are being forwarded commensurate with their responsibilities;
• Obtain the best possible advice in establishing salary levels;
• Set policies for senior executives' remuneration;
• Review the salary levels of senior executives;
• Review recommendations from the CEO relating to proposed merit increases for direct reports;
• Propose, for full Board approval, the terms and conditions of employment for CEO;
• Undertake a review, which will be reported to and confirmed by the full Board, of the CEO's performance, at least annually, including setting with the CEO KPIs for the coming year and reviewing progress in achieving those goals;
• Review the Company's recruitment, retention and termination policies and procedures for senior management;
• Review and make recommendations to the Board on the Company's incentive schemes;
• Review and make recommendations to the Board on the Company's superannuation arrangements; and
• Review the remuneration of both executive and non-executive Directors and make recommendations to the Board on proposed changes.

Committee Members

Chair
Dr John Keniry

Members
Professor John Gibson
Mr Rob Egerton-Warburton