Directors’ remuneration policy

Dialight’s current remuneration policy was 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 Committee continues to have a clear policy on remuneration; namely that base salary and benefits for Executive Directors should represent a fair return for employment but that the majority of remuneration should 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.

During 2016, the Committee undertook a review of the Policy and carried out a consultation process with major shareholders; the resultant minor changes ensure that the policy remains aligned with these principles and that it reflects changes in best practice over the last three years.

The principal change was the introduction of a mandatory two-year holding period on vested PSP shares. There are also amendments to wording in places to provide the Committee with sufficient flexibility to make minor changes over the life of the policy.

To read the full Remuneration Policy as featured in our most recent Annual Report and Accounts click here.