Advisers to the remuneration committee
3 Advisers to the remuneration committee
During the year the committee continued to engage the services of Hewitt New Bridge Street Consultants LLP (‘HNBS’) to provide advice in the formulation of executive remuneration packages. HNBS provided no other services to the Company. However, Hewitt Associates Limited is the appointed scheme actuary to the principal Northern Foods UK pension schemes. HNBS operates separately from the rest of Hewitt and there are provisions in place to ensure that there is no crossover of information between the two teams. The committee retained DLA Piper UK LLP as solicitors to advise on matters relating to directors’ contracts and specific employment law advice. The committee appointed Pinsent Masons LLP to provide advice regarding the principal Northern Foods UK pension schemes.
The company engaged PricewaterhouseCoopers LLP (PwC) to act as advisers to management regarding the design of the pension arrangements available to both the executive directors and senior management population.
The committee identified no conflict in the nature of the services provided by its advisers. The terms of business of HNBS, DLA Piper UK LLP, Pinsent Masons LLP and PwC are available from the company secretary.