RWS AR 23 Final Single pages - Flipbook - Page 88
Directors’ Remuneration Report
Annual Statement
Dear Shareholder
I am pleased to introduce the Directors’ Remuneration
Report for FY23. This report is divided into three
sections, being:
• This Annual Statement, which summarises the work of
the Committee, remuneration outcomes in FY23 and how
the Remuneration Policy will be implemented in FY24
• The Remuneration Policy Report, which summarises
the Company’s Remuneration Policy, which remains
unchanged
• The Annual Report on Remuneration, which discloses
how the Remuneration Policy was implemented in FY23.
COMMITTEE RESPONSIBILITIES
The Remuneration Committee is primarily responsible for determining
the Directors' Remuneration Policy and the terms and conditions of
service and remuneration for the Executive Directors. The Committee
also determines the remuneration of the Chairman and the members of
the Executive Team. In FY23, the Committee met four times.
ACTIVITIES DURING THE YEAR
•
Reviewed the FY22 Directors’ Remuneration Report prior to its approval
by the Board
•
Reviewed performance against the FY22 annual bonus plan targets and
resulting awards and agreed the metrics and targets for the FY23 bonus plan
•
•
Reviewed and set targets for the FY23 LTIP awards
•
Agreed the remuneration arrangements in respect of the appointment
of Julie Southern as Chairman Designate
•
Reviewed the annual fees for the Chairman
Reviewed and approved updated terms of reference for the
Remuneration Committee
Frances Earl
88
RWS Holdings plc — Annual Report 2023 GOVERNANCE REPORT
