Remuneration Committee

The Remuneration Committee comprises independent non-executive directors and the Chairman of the Board. Its terms of reference, which are reviewed annually by the Board, are available on the Company’s website, www.tateandlyle.com.

The Committee met six times during the year. Membership of the Committee and their attendance during the year were as follows:

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Number of
meetings

Number of
meetings
attended

1

Appointed 1 May 2010.

2

Until 30 June 2010.

Directors as at 31 March 2011

 

 

Evert Henkes (Chairman of the Committee)

6

6

William Camp1

6

6

Sir Peter Gershon

6

6

Robert Walker

6

6

Former members2

 

 

Liz Airey

1

1

Richard Delbridge

1

1

Douglas Hurt

1

1

Dr Barry Zoumas

1

1

The Committee meets as required, usually before each Board meeting, and has a formal calendar of items for consideration. The minutes of each meeting are circulated to those non-executive directors who are not members of the Committee.

The Committee determines the remuneration packages of each executive director and the other members of the Group Executive Committee. These include base salary, bonus, long-term incentives, benefits and terms of employment, including those upon which their service may be terminated. The Committee also determines the base salary, long-term incentives and benefits of certain other senior executives. In consultation with the Chief Executive, the Committee (excluding the Chairman, Sir Peter Gershon) determines the remuneration of the Chairman. The remuneration of non-executive directors is determined by the executive directors and the Chairman. More information on policy, practice and the workings of the Committee can be found in the Directors’ remuneration report.