RWS Annual Report 2022 web - Flipbook - Page 89
Personal
Objectives
Committee
Assessment
Committee
Review
% of Max
Payable
(25% of bonus)
Objectives
Ian
El-Mokadem
Lead the development and
implementation of the new Group
strategy, purpose and values.
Achieved
Ian led the development of the new
Group strategy, purpose and values and a
successful Capital Market’s Day ("CMD") in
March 2022
Align organisation structure to strategy
Achieved
He led the strengthening of the Group
Executive Team and aligned the
organisation structure to the new strategy
Drive increased focus on organic growth
Achieved
He strengthened the systems and
processes to drive the organic growth
strategy for the Group moving forward
Lead the Group’s M&A strategy
Partially
Achieved
The Group’s M&A priorities and screening
criteria were clarified as part of CMD and
Fonto acquisition
Complete a Group-wide succession
planning exercise
Achieved
A Group-wide succession plan was
completed
Lead the effective development and
implementation of the Group’s ESG
strategy
Achieved
A new Code of Conduct was implemented,
and a Carbon Reduction Plan and
Sustainable Procurement Policy defined
Make an active contribution to the
development and implementation of the
new Group strategy, purpose and values
Achieved
Des actively contributed to and supported
the delivery of the CMD
Improve the quality and timeliness of
performance reporting
Partially
Achieved
He made progress on improvements to the
quality and timeliness of Board reporting,
further work to be undertaken post
strategy launch
Drive the Group’s ERP initiative
Partially
Achieved
He supported the definition and planning
of the business case for the new ERP
project
Strengthening the Group’s finance, risk
and assurance capabilities
Partially
Achieved
He made progress on the Group’s
finance, risk and assurance capabilities in
agreement with the Audit Committee
Recommend a new Delegations of
Authority policy
Partially
Achieved
The Board agreed a revised DOA policy
Contribute to the effective development
and implementation of the Group’s ESG
strategy
Achieved
A new Code of Conduct was implemented,
and a Carbon Reduction plan and
Sustainable Procurement policy defined.
92% on the
basis that
five out of six
objectives
were fully
achieved and
one objective
was partially
achieved
Performance of all of our leaders is
assessed in terms of both the actual
results delivered and how the outcomes
are delivered in line with our values and
leadership behaviours
Des Glass
67% on the
basis that
two out of
six objectives
were fully
achieved and
four objectives
were partially
achieved,
based on
leaving date
preventing
completion
of the full
objective
Performance of all of our leaders is
assessed in terms of both the actual
results delivered and how the outcomes
are delivered in line with our values and
leadership behaviours
Based on the above, the annual bonus awards earned for the year ended 30 September 2022 were as follows:
Financial
Personal
Total
Ian El-Mokadem
(150% of salary maximum)
0% of max
(0% of salary)
92% of max
(34.5% of salary)
£206,325 out of a max of £900,000
Des Glass
(125% of salary maximum)
0% of max
(0% of salary)
67% of max
(20.9% of salary)
£42,225 out of a max of £252,058*
* Reduced for time pro-rating given Des Glass stepped down from the Board on 8 April 2022.
GOVERNANCE REPORT RWS — Annual Report 2022
89
