Tesco 2011 Annual Report Download - page 72

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Members (all independent
Non-executive Directors)
Number of
possible
meetings
attended
Actual
meetings
attended
Patrick Cescau 5 5
Stuart Chambers
(from 3 July 2010)
3 3
Karen Cook 5 5
Ken Hanna 5 5
Jacqueline Tammenoms Bakker
(from 3 July 2010)
3 3
Past Committee members
Charles Allen 2 1
Rodney Chase 2 1
Harald Einsmann 2 2
The Remuneration Committee’s role is to determine and recommend
to the Board the remuneration of the Executive Directors. It also
monitors the levels and structure of remuneration for senior management
and seeks to ensure that the remuneration arrangements are designed
to attract, retain and motivate the Executive Directors needed to run
the Company successfully.
At the invitation of the Committee the Chairman of the Board normally
attends meetings and the CEO and Chief Financial Officer attend as
appropriate. Representatives of the Group’s Personnel and Finance
functions attend as appropriate to provide support and the Company
Secretary also attends in his capacity as Secretary of the Committee.
The Committee met five times this year. The Committee’s effectiveness
review concluded that the Committee was provided with sufficient
resources to carry out its duties.
Details of the work of the Remuneration Committee are set out in the
Directors’ Remuneration Report on pages 74 to 91.
Each year the Committee conducts a review of its own effectiveness
and its Terms of Reference. The responsibilities of the Remuneration
Committee, and an explanation of how it applies the Directors’
remuneration principles of the Code and other applicable rules and
regulations governing remuneration, are set out in the Directors’
Remuneration Report on pages 74 to 91.
Full terms of reference of the Tesco PLC
Remuneration Committee are available at
www.tescoplc.com/boardprocess/
Our Remuneration Committee
comprises five independent
Non-executive Directors.
Remuneration
Committee
Stuart Chambers
Remuneration Committee
Chairman
68
—
TESCO PLC Annual Report and Financial Statements 2011
GOVERNANCE
Directors’ report on corporate governance