Remuneration committee

The remit and role of the Remuneration Committee is to consider, on behalf of the Board, the remuneration (including pension rights and compensation payments) of Executive Directors, the Chairman and senior executives. More information is set out in the Executive Directors’ and Senior Executive Team’s Remuneration and Terms of Employment section within the Directors’ Remuneration Report.

The information contained in the Directors’ Remuneration Report relating to the remit and members of the Remuneration Committee during 2008, as well as the independence of those members and the number of meetings they attended throughout the year, is incorporated by reference into this Directors’ Report.