The Remuneration Committee, with delegated authority from the Board, determines the detail of remuneration arrangements for the company’s Executive Team, including the executive directors, and reviews proposals in respect of other senior executives. The role of the Committee is described more fully in the Remuneration Report and in its Terms of Reference. The Committee is able to draw on advice from Independent Remuneration Advisers.
When ScottishPower was delisted from the London Stock Exchange on 19th April 2007, the members of the Committee, the majority of whom were independent non-executive directors, were:
- Peter Hickson, Committee Chairman
- Euan Baird
- Donald Brydon
- Nick Rose
- Nancy Wilgenbusch