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How does the below mentioned UK corporate Governance Code ensure the independence or contribute to the independence of the audit committee? 41. There should be

How does the below mentioned UK corporate Governance Code ensure the independence or contribute to the independence of the audit committee?

41. There should be a description of the work of the remuneration

committee in the annual report, including:

an explanation of the strategic rationale for executive directors'

remuneration policies, structures and any performance metrics;

reasons why the remuneration is appropriate using internal and

external measures, including pay ratios and pay gaps;

a description, with examples, of how the remuneration committee

has addressed the factors in Provision 40;

whether the remuneration policy operated as intended in terms of

company performance and quantum, and, if not, what changes

are necessary;

what engagement has taken place with shareholders and the

impact this has had on remuneration policy and outcomes;

what engagement with the workforce has taken place to explain

how executive remuneration aligns with wider company pay policy;

and

to what extent discretion has been applied to remuneration

outcomes and the reasons why.

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