Statement regarding Remuneration Consultants - Year Ended 31st March 2016
In determining Johnson Matthey's remuneration structure, the Remuneration Committee (the committee) appoints and receives advice from independent remuneration consultants on the pay and incentive arrangements prevailing in comparably sized industrial companies in each country in which Johnson Matthey has operations.
During the year the committee undertook a review of its remuneration advisers as PricewaterhouseCoopers (PwC) had been advisers to the committee for many years and the committee believes periodic reviews are good governance practice. As a result of this review, the committee appointed New Bridge Street (now a part of Aon Hewitt Limited) as our advisers with effect from 16th November 2015.
Both PwC and New Bridge Street are members of the Remuneration Consultants Group (RCG) and signatories to the RCG's code of conduct.