The Remuneration Committee meets at least four times each year. The committee comprises solely independent non-executive directors and is chaired by Deputy Chairman Maarten van den Bergh. The other members are the Rt. Hon. Baroness Jay of Paddington PC, Matti Alahuhta and Carl Symon.
The committee sets the remuneration policy for the Chairman, the executive directors, the members of the company's Operating Committee and senior executives reporting to the Chief Executive. Specifically, the Remuneration Committee agrees their service contracts, salaries, other benefits - including bonuses and participation in the company's long-term incentive plans - and other terms and conditions of employment.
It also agrees terms for their cessation of employment and their appointments as non-executive directors of non-BT Group companies and other organisations. It approves changes in the company's long term incentive plans, recommends to the Board those plans which require shareholder approval and oversees their operation.
