Authority and Responsibilities

to annually consider and make recommendations to the Board in relation to the Chief Executive’s remuneration including:

setting annual performance goals; reviewing Chief Executive performance; and recommending incentive payments and other adjustments to Chief Executive remuneration.

to ensure management has in place the appropriate remuneration governance processes including:

authority levels for all changes in remuneration; and availability, for audit purposes, of all remuneration records approved by the Committee.

to ensure Committee performance satisfies governance requirements by:

examining any other matters referred to it by the Board; and reviewing information provided from internal and external sources relating to remuneration issues –this may include commissioning expert independent advice as it sees fit.

5 Approval and Review of Charter

This People and Performance Committee Charter shall be approved by the Board. The Committee shall review the Charter biennially and recommend any proposed changes to the Board for approval.