Anglo American Annual Report 2012

GOVERNANCE DIRECTORS’ REMUNERATION REPORTCOMMITTEEMEMBERSDURING 2012Sir Philip Hampton6. REMUNERATION COMMITTEEIN 2012MembershipThe Committee comprised thenon-executive directors shownon the left during the year ended31 December 2012.Committee members during 2012The Company’s chief executiveattends the Committee meetings byinvitation and assists the Committeein its deliberations, except when issuesrelating to her own compensation arediscussed. No directors are involvedin deciding their own remuneration.In 2012, the Committee was advised bythe Company’s Human Resources andFinance functions and, specifically, byMervyn Walker and Chris Corrin. It alsotook external advice as shown in thetable below.Figure 25: External advisers and feesDavid ChallenSir CK ChowAdvisersPricewaterhouseCoopersLLP (PwC)Linklaters LLP(Linklaters)Appointed by the Company,with the agreement of theCommittee, to provide specialistvaluation services and marketremuneration dataAppointed by the Company,with the agreement of theCommittee, to providelegal advice on long-termincentives and directors’service contractsOther services providedto the CompanyInvestment advisers,actuaries and auditorsfor various pensionschemes; advisers oninternal audit projects;taxation, payroll andexecutive compensationadviceLegal advice on certaincorporate mattersFees for Committeeassistance£9,000£5,000Jack ThompsonMercer Limited(Mercer)Engaged by the Committee toreview the Committee’sprocesses on an annual basis,in order to provide shareholderswith assurance that theremuneration processes theCommittee has followed are inline with stated policy and thatthe Committee has operatedwithin its Terms of ReferenceInvestment advisers andactuaries for variouspension schemes£11,000Peter WoickeThis review was carried out onthe 2011 report although will notbe done going forwardTowers Watson(TW)The Human Resources functionengaged Towers Watson toassist with the preparation of the2012 remuneration reportHuman resourcesadvisers on variousreward and other matters£25,000Deloitte LLP(Deloitte)In their capacity as Groupauditors, Deloitte undertake anaudit of sections 3 and 4 of theremuneration report annually.However, they provide no adviceto the Committeen/aNote: Certain overseas operations within the Group are also provided with audit related services from Deloitte’s and PwC’s worldwide member firmsand non-audit related services from Mercer’s worldwide member firms and TW.126 Anglo American plc Annual Report 2012