Directors’ remuneration policy

Dialight’s current remuneration policy was first published in the Dialight Annual Report and Accounts for the year ended 31 December 2016 and approved by shareholders at the AGM held on 20 April 2017. The principal change introduced in the policy was a mandatory two-year holding period on vested PSP shares.  There were also amendments to provide the Remuneration Committee (the Committee) with sufficient flexibility to make minor changes over the life of the remuneration policy.  To read the full remuneration policy as featured in our most recent Annual Report and Accounts click here.

The Committee’s policy continues to be clear: that base salary and benefits for Executive Directors should represent a fair reward for performance with the majority of remuneration structured to be variable, dependent on the continued success of the Company, and aligned with the creation of shareholder value and delivery of Dialight’s strategic plan.

The Committee is currently reviewing the remuneration policy with a view to publishing a revised policy in 2020 (for approval by shareholders at the 2020 AGM).  The Committee has also been consulting with shareholders with regards to the vote on the remuneration report at the 2019 AGM.