proxy report 11/07/2018
Item 3: Approve the Remuneration Report
The structure is weighted more towards rewarding long-term performance. Performance targets for the STI appear to be sufficiently challenging. Both the bonus and the LTI are overly reliant on EPS. The quantum is not excessive. Despite our concerns about the lack of challenging ROCE target for LTI, the remuneration practice is quite acceptable in comparison with other Irish and UK companies and the performance during the year under review is good.
DCC is a procurement, sales, marketing, distribution and business support services company. Co. operates across four separate divisions: DCC Energy, which is involved in the sales, marketing and distribution of oil and liquefied petroleum gas; DCC Healthcare, which provides products and services to healthcare providers and health & beauty brand owners; DCC Technology, which is involved in the sales, marketing and distribution of technology products; and DCC Environmental, which provides a range of waste management and recycling services.
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