Remuneration Committee statement on remuneration consultants
Statement regarding Remuneration Consultants - Year Ended 31st March 2018.
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 the services provided by New Bridge Street (a part of Aon Hewitt Limited). As a result of this review, the committee appointed Korn Ferry Hay Group as our advisers with effect from 18th December 2017. New Bridge Street provided services between 1st April 2017 and 17th December 2017.
Both Korn Ferry Hay Group and New Bridge Street are members of the Remuneration Consultants Group (RCG) and signatories to the RCG's code of conduct.