Decision details

The Committee considered an exempt report from the Shareholder Representative that requested approval of the 2025/26 Bonus Scheme for Graven Hill Village Development Company, and recommendations relating to the proposed 2026/27 Bonus Scheme.

Commenting on the report, Chair of the GHVDC Board and Non-Executive Director Terry Fuller explained that the GHVDC Board were clear when setting targets with staff for bonuses to be awarded. If expectations were not fully met, reductions were made to the bonus award.

Resolved

That:

(1)        The GHVDC’s Remuneration Committee’s proposed bonus payments for financial year 2025/26 as approved by the GHVDC Board at its meeting on 30^th April 2026 and attached at Appendix 1, be accepted. The bonus methodology is consistent to that which was presented and approved by Committee at the June 2025 Committee.

(2)        The GHVDC’s Remuneration Committee’s proposed bonus scheme and proposals for financial year 2026/27 as set out within Appendix A1 and A2 of the GHVDC Board report set out in Appendix 2 of the report, be accepted. 

(3)        The principles and approach set out in the company’s confidential reports attached as Confidential Appendices 1 to 6 of the report, be endorsed.

(4)        It be noted that the Remuneration Committee reviewed the current scheme and decided to recommend to the Shareholder Committee that this be adopted without change for FY 2026/27.

(5)        That any changes to the bonus scheme for future years must be submitted to the Shareholder Committee for its approval before being implemented, and before the financial year to which it relates, be agreed.