Remuneration Committee

The Remuneration Committee is comprised of the Independent Directors and is chaired by James Keyes, Chairman of the Board of Directors of the Company, and reviews the scale and structure of the Directors remuneration and the terms of their service or employment contracts, including share option schemes and other bonus arrangements if any.

The remuneration and terms and conditions of the non-executive Directors is set by the Board. No Director or manager of the Company may participate in any meeting at which discussion or any decision regarding his own remuneration takes place.