Non-executive directors

Following research into trends in non-executive director remuneration, non-executive directors’ fees are proposed to the board by the Nominations and Remuneration Committee for approval.

The King III recommendations on the payment of a base or retainer fee to each non-executive annually and a fee per meeting attended have been adopted and further fees are paid for the attendance of unscheduled meetings.

Non-executive directors do not receive any fees which are related to the performance of the group and do not participate in any share-based payments or incentives.

Details of the non-executive directors’ remuneration for the year under review are set out on page 92.