Remuneration Committee report continued Annual report on remuneration continued
Additional information in respect of the single total figure of remuneration continued Annual bonus continued Strategic targets – up to 40% of the bonus
The table below highlights the key strategic targets and achievements for each Executive Director. Bonus target ranges have been disclosed to the extent possible, but the achievement of some areas is determined by the Committee based on its judgement of performance. 31 May 2021 Maximum % of bonus Target and performance conditions Adam Palser Tim Kowalski 20% Broaden the portfolio (20%) 5% EaaS orders (5%) – Target range of £1.5m to £2.0m. Exceeded max target by +10%. 5% 5% 5% Remediation revenue (5%) – Target range of £1.0m to £1.5m. Exceeded max target by +40%. 5% 5% 5% MDR revenue growth (5%) – Target range of 15% to 20% growth. Positive double-digit growth was achieved but below the target range. 0% 0% 2% Hyperscaler (2%) – Target to certify 43 new consultants and deploy them successfully. Target was exceeded with more than 43 consultants certified and deployment resulting in launch of Sentinel offering, sales growth, and strong pipeline. 2% 2%
3% 3%
3%
Data (3%) – Target of progress towards (1) being able to benchmark clients’ cyber maturity and underpin FY22 revenues and (2) improved data analytics and machine learning to satisfy our more demanding MDR clients and underpin future revenue growth. Both objectives were met and exceeded as models have been developed and even deployed to meet both objectives.
15% 15%
Sustainability (10%)
3% 3%
3%
Diversity (3%) – Evidence of a comprehensive programme to nurture and promote diversity and inclusion including: effective steering committees, improved hiring practices, rollout of unconscious bias training and awareness raising/engagement programme. Target achieved and exceeded as all objectives achieved and demonstrating success. Diversity (2%) – Evidence of greater diversity and inclusion in the workforce, especially in leadership roles. Target achieved and exceeded by improving hiring practices which has resulted in the number of men employed for every woman reducing by over 50% at senior levels and by 11% overall. Reduce attrition (3%) – Target range for a reduction of 1% to 2%. Performance below threshold.
2% 2%
2%
0% 2%
– –
3% (CEO) 2% (CEO) 5% (CFO)
Clear measurement of colleague and customer engagement (2%) – achieved.
–
2%
Key hires (5%) – Progress against recruitment/upgrade plan measured through: assessment of number and quality of hires, team progress against development plans, and how these changes have improved reporting deliverables. Partial achievement and progress made.
7% 7%
Improvement and efficiencies (10%)
3% 3%
3%
Overheads as % revenue (3%) – Target to reduce overheads/revenue vs. prior year – achieved and exceeded. Creation of an EU division (2%) – Evidence of the successful creation of a single (Continental) European division. Achieved – new MD in place and management team confirmed. Global resourcing (3%) – 3% awarded if there is >20% increase in cross-border delivery (demonstrating our global way of operating). Achieved and exceed with an increase of over 100%. Creation of “Global Professional Services” and “Global Managed Services” business to underpin future growth and efficiency (2%). Set-up of global product lines with strategic business plans in place and initial progression tracked against these. Achieved. Finance function (7%) – Evidence of team improvements and efficiencies including: systems installation to time/quality/risk targets, assessment, design, and delivery of new reporting requirements for Europe and GPS/GMS, improvement in timings/accuracy/quality of month end and end of year reporting and quality of analyst presentations. Evidence of progress in all areas and improvement in quality of analyst presentations, but too early to judge the success of all actions taken. As a result, a partial outcome was awarded.
2%
–
2% (CEO)
3%
–
3% (CEO)
2%
–
2% (CEO)
–
2%
7% (CFO)
10% 5%
Total
32% 27%
112
NCC Group plc — Annual report and accounts for the year ended 31 May 2021
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