Content

Resolved
 
(1)         
That GHVDC’s
Remuneration Committee’s proposed bonus payments for
2023/24 be accepted.

 
(2)         
That the principles and approach set out in the
company’s confidential reports attached
as Confidential Appendix 1 to this report be endorsed.
 
(3)         
That the Remuneration Committee review the scheme
each year before the bonus appraisal process commences and advise
the Shareholder Committee of any changes.
 
(4)         
That the Remuneration Committee ensure that the
benchmarking exercise is repeated periodically in accordance with
sector best practice to ensure that the scheme remains consistent
with good practice in the market.
 
(5)         
That changes to the bonus scheme for future years be
submitted to it for its approval before being implemented and
before the financial year to which it relates.