IGUAKO Capital is a work of institutional fiction by the Iguako Institute for Applied Unreality. No financial services are offered, no accounts exist and nothing here is an offer, a contract or advice.About this work
George Town · 36 cities · English Domiciles Documents Iguako Network Site Index
Capital
Enquiries

Governance · Committee

Remuneration Committee

The Remuneration Committee sets the pay of the Chief Executive and of each member of the Executive Committee, and it approves the framework that applies beneath them. Apart from the Chair of the Board, who chairs it, its members are independent directors. No executive is present while their own remuneration is discussed, and the framework is published to all staff each year.

Chair
Marguerite Aldous-Kerr
Members
3
Meets
Three times a year, in February, June and November, and as required for an appointment.
Reports to
The Board of Directors.

Remit

Reward at the group follows realisation rather than activity. Variable pay is measured over rolling three-year periods, half of it deferred, and it is reduced where a conduct breach or a valuation correction is attributable to the person. The Committee also approves the terms of executive appointments and departures and maintains the succession list for every executive role.

Decisions reserved to the committee

  • Pay of the Chief Executive and of Executive Committee members.
  • The variable pay pool and its deferral terms.
  • Reductions for conduct breaches or valuation corrections.
  • Terms of executive appointments and departures.
  • The succession list held for each executive role.

Membership

3 members.

MemberRoleBased
Halvard Brennan-OseiIndependent DirectorHamilton
Cormac Delacroix-NwosuIndependent DirectorLuxembourg
Priya VantongerenIndependent DirectorToronto
GovernanceAll nine committeesLeadershipBoard and Executive CommitteeGroup policiesThe forty policies