Annual Report & Accounts 2026
34
REPORT OF THE REMUNERATION COMMITTEE CONTINUED
SCOPE
This policy applies to the Executive Directors, Non-Executive Directors and senior management of the Company.
The table below summarises the main elements of remuneration packages for Executive Directors:
Component and Purpose
Operation Maximum Performance BASE SALARY
To attract and retain talent Takes account of factors such as role, skills and contribution.
The setting of base salaries takes into consideration factors such as external market as well as the individual’s skill and contribution.
Base salaries are normally reviewed annually. No formal maximum Individual and business performance are taken into account when setting base salaries.
ANNUAL BONUS
Not applicable. The Company does not award bonuses to Executive Directors.
BENEFITS
To ensure total remuneration package is competitive
Benefits include private medical insurance and life insurance.
No formal maximum. The Company reviews its benefits to remain competitive in the broader employment market.
PENSION
To provide appropriate level of benefits that allow for retirement planning
The Company operates a defined contribution pension scheme for all employees. Executives can opt instead to receive a salary supplement in lieu of this pension contribution.
The level of employer contribution for executive directors, as a percentage of salary, is in line with the rate applicable to the majority of the workforce.
REPORT OF THE REMUNERATION COMMITTEE CONTINUED
SCOPE
This policy applies to the Executive Directors, Non-Executive Directors and senior management of the Company.
The table below summarises the main elements of remuneration packages for Executive Directors:
Component and Purpose
Operation Maximum Performance BASE SALARY
To attract and retain talent Takes account of factors such as role, skills and contribution.
The setting of base salaries takes into consideration factors such as external market as well as the individual’s skill and contribution.
Base salaries are normally reviewed annually. No formal maximum Individual and business performance are taken into account when setting base salaries.
ANNUAL BONUS
Not applicable. The Company does not award bonuses to Executive Directors.
BENEFITS
To ensure total remuneration package is competitive
Benefits include private medical insurance and life insurance.
No formal maximum. The Company reviews its benefits to remain competitive in the broader employment market.
PENSION
To provide appropriate level of benefits that allow for retirement planning
The Company operates a defined contribution pension scheme for all employees. Executives can opt instead to receive a salary supplement in lieu of this pension contribution.
The level of employer contribution for executive directors, as a percentage of salary, is in line with the rate applicable to the majority of the workforce.