Chief Executive Officer and Senior Executive remuneration
The Board's approach to remunerating the CEO and other key executives is to provide market based remuneration packages comprising a blend of fixed and incentive based remuneration with clear links between individual and company performance, and reward.
Remuneration packages currently comprise a mixture of fixed and performance-based remuneration in the form of short and long term incentives. The People, Remuneration and Appointments Committee reviews the remuneration packages of the CEO and other senior executives at least annually. This approach is intended to encourage Tower's executives to meet Tower's short and long term objectives.