Serco’s Remuneration Policy is designed to support the achievement of the Group’s long-term strategic objectives. In particular, our approach to executive remuneration is designed to:

• support Serco’s long-term future growth, strategy and values;

• align the financial interests of executives and shareholders;

• provide market-competitive reward opportunities for performance in line with expectations and deliver significant financial rewards for sustained out-performance;

• enable Serco to recruit and retain the best executives with the required skills and experience in all our chosen markets; and

• be based on a clear rationale which participants, shareholders and other stakeholders are able to understand and support.

In setting the Remuneration Policy, Serco’s Remuneration Committee carefully consider the linkage of remuneration to the Company’s strategy to ensure that the arrangements support the strategy and promote the long-term sustainable success of Serco.

This remuneration framework is echoed throughout the organisation with the approach to pay for the wider workforce reflecting the same core principles.

You can find our current Remuneration Policy, as approved by our shareholders at the 2021 AGM, in the 2020 Directors Remuneration Report.

Details of how this Policy has been implemented for our Directors’ is subject to shareholder approval each year and can be found in our Annual Report and Accounts.

Our 2023 Remuneration Report is available in the 2023 Directors Remuneration Report. 

More information about Serco’s Remuneration Committee