Kory Sorenson is the Chairman of the Remuneration Committee. The other members are Karen Green and Nicholas Shott. The composition of the Committee is in accordance with the requirements of the Code that the Remuneration Committee should consist of at least three independent Non-Executive Directors. The Remuneration Committee met six times during 2018.

The Remuneration Committee is responsible for making recommendations to the Board on the Company’s remuneration and compensation plans, policies and practices and for determining, within agreed terms of reference, specific remuneration packages for the Executive Directors. These include pension rights and executive incentive schemes to encourage superior performance. Details of the remuneration structure and the Committee's activities in 2018 are provided in the Remuneration report.

Remuneration Committee Terms of Reference

FCA Remuneration Disclosures

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