Dear fellow shareholder,
I would like to introduce our Directors’ remuneration report for 2009. Over the following pages we set out the principles and practice for Director remuneration, with information on what has been paid to whom and why. Throughout the report you will see a clear alignment between the rewards for Directors and the relative performance of the Company against a set of independent industry benchmarks. As a Board we strongly believe that a remuneration policy should be aligned to shareholders’ interests and we are committed to operating with transparency; in line with this commitment we have provided a question and answer section with concise responses to some of the most common queries.
- David Rough
- Chairman, Remuneration Committee