Report of The Board in relation to remuneration policy and practice

1. What this report covers

This report to shareholders:

  • sets out our remuneration policy;
  • explains the policy under which our Chairman, our Executive Directors, the next two most senior groups of colleagues and our Non-executive Directors were remunerated for the year ended 31 December 2007; and
  • sets out tables of information showing individual details of the salary, incentive, share and pension interests of all the Directors for the year ended 31 December 2007.

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