REMUNERATION
The group’s policy is to align the remuneration structure of the executive directors and staff with the interests of shareholders, and consequently a portion of their packages is performance-related. Share options and incentives are based on the performance of the individual as well as the performance of the group as a whole, aligned to specific business objectives and bottom-line absolute profits. The principle adhered to is that bonuses are self-funded out of profits in excess of targets.
Remuneration of non-executive directors is reviewed annually by the remuneration committee for proposal to the board.
Further details relating to the remuneration policies and practices are included in the Remuneration report which appears elsewhere in this report.
