1、GC100 and Investor GroupDirectors Remuneration Reporting Guidance 2025GC100 and Investor Group Directors Remuneration Reporting Guidance 2025 3 1.Introduction 41.1 Structure of this guidance 41.2 How to use this guidance 41.3 Flexibility,discretion and judgement 51.3.1 Background and introduction 51

2、.3.2 Concepts of flexibility,discretion and judgement 51.3.3 Discretion or judgement?6 2.Directors remuneration report 82.1 Introductory(part 1 of the Regulations)82.2 Annual statement(part 2 of the Regulations)10 3.Annual remuneration report(part 3 of the Regulations)113.1 Single total figure of re

3、muneration 123.2 Total pension entitlements 173.3 Scheme interests awarded during the financial year 183.4 Payments to past directors 203.5 Payments for loss of office 213.6 Statement of directors shareholding and share interests 223.7 Performance graph and table 243.8 Percentage change in remunerat

4、ion of all directors and all employees 253.9 Pay ratio information in relation to the total remuneration of the director undertaking the role of chief executive officer 263.10 Relative importance of spend on pay 283.11 Statement of implementation of remuneration policy in the current financial year

5、293.12 Consideration by the directors of matters relating to directors remuneration 303.13 Statement of voting at general meeting 314.Directors remuneration policy(part 4 of the Regulations)334.1 Statutory regime 334.1.1 Restrictions on remuneration and loss of office payments 334.1.2 Structure and

6、significance of the remuneration policy 344.2 Introductory 354.3 Future policy table 374.3.1 Salary 384.3.2 Benefits 384.3.3 Pension 394.3.4 Short term and long term incentives 394.4 Notes to the future policy table 424.5 Non-executive directors 424.6 Approach to recruitment remuneration 434.7 Servi