UNBOUNCE - EXAMPLE PAGE-REPORT-ENTERPRISE DOCUMENT-KINGSPAN - Flipbook - Page 98
Committee Governance
The Remuneration Committee
comprises three independent nonexecutive directors, Linda Hickey
(Chair), Michael Cawley and Anne
Heraty. The Company Secretary acts
as the secretary to the committee.
The Chief Executive does not normally
attend meetings but provides input
where relevant, to the committee Chair
prior to the meeting. No individual is
present at a meeting when the terms
of his or her own remuneration are
discussed. The terms of reference are
available on the Company’s website:
www.kingspan.com
Remuneration Committee activities
FEB
The Remuneration Committee met
four times during the year. Each
meeting was attended by all the
members of the committee, and
an overview of the workings of the
committee is set out below.
JUL
AUG
DEC
Salary and fees
Engage independent consultants for policy and
benchmark review
•
Review implementation of overall remuneration policy
•
Review and approve executives' salary, role and
responsibilities for 2022
•
Review and approve non-executives' fees for 2022
Review and determine executive directors’ pension alignment
•
•
•
•
Review remuneration benchmark
•
Review and approve Chairman’s fee
•
Performance pay
Assess Group and individual performance against targets
for 2020
•
Exercise discretion to reduce bonus achieved for 2020 to zero
•
Review executive bonus measures and weighting for 2022
•
Agree Group and individual performance targets for 2022
•
PSP Awards
Assess performance of 2018/2020 PSP Awards against targets
•
Determine percentage of 2018/2020 PSP Awards which vest
•
Review performance measures for grants of PSP Awards
for 2021
•
Agree targets and level for grants of PSP Awards for 2021
•
Introduce non-financial Planet Passionate measures for 2021
•
•
Governance
Review and approve Remuneration Report for Annual
Report 2020
•
Update on governance and remuneration trends generally
•
Consider shareholder votes and feedback from AGM 2021
•
•
•
Engage with shareholders post AGM
•
Review of progress against Eversheds Sutherland’s
recommendations
•
•
Review and update of remuneration policy
•
Engage with shareholders on remuneration policy
•
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