The Remuneration Committee determines, on behalf of the Board, the Group's framework of executive remuneration and the specific packages and conditions of employment for each of the Non-Executive Directors, Executive Directors and other senior executives, as decided by the Board.
The Remuneration Committee operates the Company's Share Option and Long Term Incentive Schemes.
The Remuneration Committee comprises six Non-Executive Directors (currently five following the retirement of Liam Herlihy as Group Chairman on 12 May 2015), of whom three members constitute a quorum.The Group Secretary acts as secretary to the Remuneration Committee.
Remuneration Committee Members:
- Donard Gaynor (Chairman)
- Martin Keane
- Henry Corbally
- Paul Haran
- Dan O'Connor
The key roles and responsibilities of the Remuneration Committee are set out in detail in the Remuneration Committee Report. This report is designed to provide you with details of our remuneration principles, policy and actual remuneration of the Group’s Executive Directors and to demonstrate the association between the Group’s strategy, performance, risk management policy and the remuneration of our Executive Directors. A copy of the Terms of Reference of the Remuneration Committee is available for download by clicking on the link on your right.