Process to determine 2015 incentives
Incentive pool funding and individual allocations
Once the GRHRC sets the overall business unit and functions’ incentive pools, the Group goes through a structured process to ensure that individual allocations are appropriate as described below.
||The GRHRC determines Group, business unit and function
||Managers assess individual performance against individual
objectives and behaviour in line with our Balanced Scorecard
||Managers recommend individual annual bonus awards,
driven by individual performance, market competitiveness and
risk and conduct events.
||Consistency checks are conducted at Group, business unit or
||The GRHRC reviews and approves incentive pools and
||The total incentive pool is approved by the GACC, based on
the Group’s 2015 financial performance.