This is the statement concerning the Company's remuneration consultants required by Provision D.2.1 of the UK Corporate Governance Code published in September 2016.
- The Remuneration Committee of the Board of Directors of the company has appointed PricewaterhouseCoopers LLP (PwC) as its remuneration consultants.
- PwC has no other significant connection with the Company other than in the provision of advice on executive and employee remuneration.
- PwC advises the Committee directly on matters within its terms of reference.
- PwC also advises the Company generally on aspects of executive and employee remuneration, typically on the implementation and ongoing operation of employee remuneration schemes. Such advice is usually provided through the Company Secretary.
PwC may advise the Board of Directors of the Company (or those Directors charged by the Board to make recommendations) from time to time on the remuneration of Non-Executive Directors, including the Chairman.