Mr. Declan Doyle:

We took a good deal of advice in or around 2007. We asked our firm of accountants and lawyers to draw up guidelines for the operation of the committee in respect of the overall memorandum and articles of the company. We did that and this spelt out what we should do in terms of our duties in respect of the management team and the chief executive. It combined all the elements one would expect in a remuneration committee.