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Standard Life plc - Annual Report and Accounts 2007
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Remuneration Committee

The members of the Remuneration Committee are all independent non-executive Directors. They are Crawford Gillies (Chairman from 29 May 2007), Hugh Stevenson, Lord Blackwell and Baroness McDonagh. Gerry Grimstone stepped down from the Remuneration Committee on 29 May 2007.

The Remuneration Committee considers and makes recommendations to the Board on the remuneration policy and rewards for the Chairman, the executive Directors and senior executives. A copy of the Remuneration Committee's terms of reference is available from our website at www.standardlife.com or on request from the Group Company Secretary and General Counsel.

During the year the Remuneration Committee has continued to take advice from New Bridge Street Consultants LLP, whom it appointed in 2004. Apart from assisting in the Remuneration Committee's work, New Bridge Street Consultants LLP do not provide any other services to Standard Life. The Remuneration Committee receives information on comparative pay data from Towers Perrin. Where appropriate - and never relating to their own remuneration - it receives input from the Chairman, Group Chief Executive, Group Finance Director, Group Operations Director, Group HR Director and the Compensation and Benefits Manager. This is mainly about the way the remuneration policy is implemented.