Remuneration Committee
Members of the Remuneration Committee are appointed by the Board and all of its members are considered to be independent.
The Remuneration Committee meets at least twice a year and otherwise as required.
Committee Members
Vivien Gibney (Committee Chairman)
Alan Booth
Ron Blakely
Bill Schrader
Nicholas Smith
Executive Directors may be invited to attend all or part of any Remuneration Committee meeting to provide additional insight on how the Company’s remuneration strategy can be best linked to Ophir’s strategic objectives while also reflecting general workforce pay and conditions. However, any Executive Director attending a meeting will abstain from any discussion directly relating to their own remuneration.
The Remuneration Committee has appointed Aon Hewitt Limited (operating through the brand New Bridge Street) as independent consultants to provide advice on remuneration and share incentives both for Executive Directors and the wider senior executive management population. Representatives from New Bridge Street may be invited to attend Remuneration Committee meetings and details of their terms of engagement are available on request from the Company Secretary. Neither Aon Hewitt Limited, nor any other part of the Aon Corporation, provide other services to the Company.
Role and Responsibility
The Remuneration Committee’s full terms of reference are available below but in summary, its main responsibilities include:
Responsibility for determining the framework or broad policy for the remuneration of the Company’s Chief Executive, Chairman, Executive Directors and Company Secretary. The Committee also recommends and monitors the level and structure of remuneration for senior executive management.
Downloads
Download the Remuneration Committee's full terms of reference