Holiday Inn 2012 Annual Report Download - page 64

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62 IHG Annual Report and Financial Statements 2012
Remuneration advisers
Throughout 2012, the Committee retained PricewaterhouseCoopers LLP (PwC) as independent advisers. PwC also supported management
in developing and implementing remuneration proposals and provided advice in relation to the review of annual incentive arrangements
during 2012.
Adviser Retained by Services provided to the
Committee
Other services provided
PwC Remuneration
Committee
Executive remuneration advice Support in developing and implementing
remuneration proposals;
advice on employer and employee tax compliance
processes for expatriate employees;
advice on tax withholding obligations in relation to
ABP and LTIP; and
other tax and consulting services.
Towers Watson the Company Data on executive and employee
reward levels in the Group’s
regional markets
None
Freshfields
Bruckhaus Deringer
LLP
the Company None Advice and information on tax and legal aspects of
operating the LTIP and ABP, and other legal services
to the Group.
Tapestry Compliance
LLP
the Company None Advice and information on tax and legal aspects of
operating the LTIP and ABP.
The terms of engagement for the advisers named above are available from the Company Secretary’s office on request.
PwC and Towers Watson are members of the Remuneration Consultants Group. Members of this group adhere to a voluntary Code of Conduct
that sets out the role of executive remuneration consultants in the UK and the professional standards they have committed to adhere to when
advising remuneration committees.
Governance: Directors’ Remuneration Report continued