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1.2 Membership of the Committee

The Committee comprised the following non-executive directors during the year ended 31 December 2009:

  • Sir Rob Margetts (Chairman)
  • David Challen
  • Sir C K Chow (appointed with effect from 15 April 2009)
  • Chris Fay (resigned with effect from 15 April 2009)
  • Sir Philip Hampton (appointed with effect from 2 December 2009)
  • Sir Mark Moody-Stuart (resigned with effect from 1 August 2009)
  • Peter Woicke (appointed with effect from 15 April 2009)

The Company's chief executive attends the Committee meetings by invitation and assists the Committee in its deliberations, except when issues relating to her own compensation are discussed. No directors are involved in deciding their own remuneration. In 2009, the Committee was advised by the Company's Human Resources and Finance functions and, specifically, Mervyn Walker and Chris Corrin. It also took external advice as shown in Figure 1.

Certain overseas operations within the Group are also provided with audit related services from PwC's and Deloitte's worldwide member firms and non-audit related services from Mercer's worldwide member firms.

A summary of the letter from Mercer containing the conclusions of their review of the Committee's executive remuneration processes for 2009 can be found on the Independent remuneration report review page, while the full letter can be found on the Company's website.

Figure 1: External advice provided to the Remuneration Committee

Advisers     Other services provided to the Company
PricewaterhouseCoopers LLP (PwC) Appointed by the Company, with the agreement of the Committee, to provide specialist valuation services   Investment advisers, actuaries and auditors for various pension schemes; advisers on internal audit projects; taxation, payroll and executive compensation advice
Monks Partnership (a subsidiary of PwC) Appointed by the Company, with the agreement of the Committee, to provide market remuneration data    
Linklaters LLP (Linklaters) Appointed by the Company, with the agreement of the Committee, to provide legal advice on long-term incentives and directors' service contracts   Legal advice on certain corporate matters
Mercer Limited (Mercer) Engaged by the Committee to review the Committee's processes on an annual basis, in order to provide shareholders with assurance that the remuneration processes the Committee has followed are in line with stated policy and that the Committee has operated within its Terms of Reference   Investment advisers and actuaries for various pension schemes
Deloitte LLP (Deloitte)     In their capacity as Group auditors, Deloitte undertakes an audit of sections 10 and 11 of the remuneration report annually. However, they provide no advice to the Committee

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Annual Report 2009