Strategic Report
Governance Report
Financial Statements
Company Financial Statements
Service Agreements and Letters of Appointment Executive Directors The Executive Directors have permanent, rolling service contracts requiring 12-months’ notice of termination from either party as shown below:
External appointments Directors are only permitted to take on external appointments with the approval of the Board. Such approval will only be given where the appointment will not impact on the Director’s ability to devote sufficient time to their responsibilities with the Group. Consideration of employment conditions elsewhere in the Group A consistent remuneration philosophy is applied to all employees across the Group with the structure of the reward package for the wider employee population based on the principle that it should be sufficient to attract and retain the best talent and be competitive within our industry. All employees are normally eligible to receive a discretionary performance-related annual bonus based on financial and non-financial objectives. The principle of mandatory bonus deferral applies to all MRTs and to employees whose bonuses exceed certain monetary thresholds. Each year the Committee reviews the structure and quantum of the remuneration framework for employees, as well as the remuneration of the wider workforce, to enable the Committee to consider the broader employee context when setting the Policy and making Executive Director remuneration decisions.
Consideration of shareholder views The Committee will engage with shareholders on key remuneration matters and understands the importance of meeting shareholders regularly to understand their views on the Executive Directors’ remuneration arrangements and to consider how these should be taken into account when designing remuneration arrangements. The Committee will monitor developments in corporate governance and market practice as well as shareholder views when reviewing executive remuneration structure and operation. Summary of decision making processes During the year, the Committee reviewed the Policy to ensure that it supports the execution of Group’s strategy and the delivery of sustainable long-term shareholder value. The Committee took into account the UK Corporate Governance Code, its move from AIM to the Main Market (and market practice and investor expectations as a result of this), regulatory requirements applicable to the Group, wider workforce remuneration and emerging best practice in relation to Executive Director remuneration, as well as input from management and its independent advisors.
Date of appointment
Notice from the Company
Notice from the individual
Executive Director
Andrea Montague Katherine Jones
01 August 2023
52 weeks 52 weeks
52 weeks 52 weeks
14 November 2024
Chair and Non-Executive Directors The Chair and the Non-Executive Directors have letters of appointment.
Date of appointment
Notice from the Company
Notice from the individual
Non-Executive Directors
Maarten Slendebroek Robert Burgess Dagmar Kershaw John Linwood James Rawlingson
27 November 2023
6 months 3 months 3 months 3 months 3 months
6 months 3 months 3 months 3 months 3 months
01 August 2020
01 July 2020
19 September 2018
02 March 2023
Brooks Macdonald Group plc Annual Report and Accounts 2025
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