Unilever 2006 Annual Report Download - page 57

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54 Unilever Annual Report and Accounts 2006
Report of the Directors (continued)
Report of the Remuneration Committee (continued)
Remuneration committee
Role and responsibilities
The Committee is responsible for making proposals to the Boards
on the reward policy for Executive Directors. It is also responsible
for setting individual reward packages for Executive Directors
and for monitoring and approving all share-based incentive
arrangements. The Committee meets at least three times a
year and, during 2006, it met on six occasions.
Structure and role
Bertrand Collomb stepped down as Chairman of the Committee
at the AGM 2006. At the same time David Simon became the
new Chairman of the Committee and Jean-Cyril Spinetta joined
as member of the Committee. The other Non-Executive Director
of the Committee is Jeroen van der Veer.
Advice and assistance
The Committee does not formally retain remuneration
consultants. It seeks professional advice from external advisers as
and when required. During 2006, the Committee sought advice
from Towers Perrin (an independent firm of human resources
specialists) on market data, reward trends and performance-
related pay. Towers Perrin also provides general consultancy advice
to Unilever group companies on employee rewards, pension,
communications and other human resource matters.
The Group Chief Executive can be invited to attend Committee
meetings to provide his own insights to the Committee on
business objectives and the individual performance of his direct
reports. Naturally, he does not attend when his own remuneration
is being discussed.
The Non-Executive Chairman can, in his role as Chairman of the
Board, also attend the meetings.