Anglo American Annual Report 2012

Investors will be aware from theannouncement on 8 January thatCynthia Carroll will step down fromthe Board at the Company’s AnnualGeneral Meeting in April 2013 andwill leave Anglo American at the endof that month. She will be succeededas chief executive by Mark Cutifaniwhose appointment will take effectfrom 3 April 2013. The details ofMr Cutifani’s remuneration packageand Mrs Carroll’s terminationarrangements can be found onpage 125 of this report.With the advent of a new chiefexecutive, the Committee intendsto review the performance measuresfor the Company’s incentive plansduring 2013, to ensure that theyremain aligned with Company strategyand are sufficiently stretching. We willof course consult with shareholdersbefore making any changes.We hope you find the new form ofreport helpful and look forward toyour feedback.2. POLICY ON DIRECTORREMUNERATION2.1 Remuneration policyFigures 1 and 2 summarise keyaspects of the Company’s remunerationpolicy for executive and non-executivedirectors from 1 January 2013. Thispolicy remains unchanged from2012, except as highlighted below.Further details on the Company’sarrangements are contained in Parts 3and 4 of this report.GovernanceSir Philip HamptonRemuneration Committee ChairmanAnglo American plc Annual Report 2012 109