Remuneration Committee
The Remuneration Committee is comprised to exercise independent judgement and consists only of independent non-executive directors. The Remuneration Committee had five scheduled and a number of other ad hoc meetings during the year.For further details, the terms of reference can be found in Board Committees.
Remuneration Committee
| Chairman | Luc Vandevelde |
| Committee members | Dr Michael Boskin (left on 23 July 2007) Simon Murray (joined on 25 July 2007) Professor Jürgen Schrempp Anthony Watson Philip Yea |
Management attendees
| Chief Executive | Arun Sarin |
| Group HR Director | Terry Kramer |
| Group Reward & Recognition Director | Tristram Roberts |
External advisers
During the year, Towers Perrin supplied market data and advice on market practice and governance. PricewaterhouseCoopers LLP and Kepler Associates provided performance analysis and advice on plan design and performance measures.
The advisers also provided advice to the Company on general human resource and compensation related matters. In addition, PricewaterhouseCoopers LLP also provided a broad range of tax, share scheme and advisory services to the Group during 2008.