Terms of Reference for the Remuneration Committee
The Committee has been established by resolution of the Board of Directors of the Company. Amongst other things its main duties are to:
Duties
(a) to determine the framework or broad policy for the remuneration of the Chairman of the Board, Executive Deputy Chairman, Chief Executive, the Finance Director any other executive directors of the Company and the Company Secretary;
(b) to take into account all factors deemed necessary when determining the remuneration policy, the objective of which shall be to ensure that members of the Executive are provided with appropriate incentives to encourage enhanced performance and are, in a fair and responsible manner, rewarded for their contributions to the success of the Company;
(c) to review the ongoing appropriateness and relevance of the remuneration policy;
(d) to monitor and recommend to the Board the structure for remuneration of senior management below Board level;
(e) to consider and determine all elements of the remuneration of the Executive
(l) to administer all aspects of any share scheme operated by or to be established by the Company including but not limited to (determining each year whether awards are made