Role of senior executives
The day-to-day leadership and management of the company is undertaken by the Chief Executive Officer (CEO) and senior management.
The CEO is solely accountable to the Board for management performance. The CEO has also formally delegated decision making to senior management within their areas of responsibility and subject to quantitative limits to ensure consistent and efficient decision making across the company. Senior management has no power to do anything which the CEO cannot do pursuant to his delegations.
The Board meets regularly with management to provide strategic guidance for Tower and effective oversight of management.
Lear more about Tower’s Executive Leadership Team.
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 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.