Chief Executive Officer and senior executive remuneration
The Board's policy for remunerating the Chief Executive Officer 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 Remuneration and Appointments Committee reviews the remuneration packages of the Chief Executive Officer and other senior executives at least annually. The policy is intended to encourage Tower's executives to meet Tower's short and long term objectives.