Remuneration Committee

See the Remuneration report for full details of the Remuneration Committee, its composition and work during the year.

Remuneration Committee effectiveness review

During July and August 2008, the Remuneration Committee members participated in an independent survey of Committee members’ performance, which was conducted by Deloitte. An analysis of the results was produced at the end of August 2008 and considered at a meeting in October 2008. There was unanimous support for the overall effectiveness of the Committee. The analysis indicated that there were certain areas where effectiveness could be further enhanced and the Committee resolved to actively address these points. The Committee considered reports and undertook discussions on the relevant points in March 2009 and concluded they had been fully addressed. A new full performance evaluation process is scheduled to commence in January 2010.