Statement on connections with Diageo plc
During the year ended 30 June 2007, Diageo's human resources director and director of performance and reward were invited by the remuneration committee to provide their views and advice.The remuneration committee also appointed the following independent and expert consultants:
- Deloitte & Touche LLP; who provided advice on remuneration best practice and senior executive remuneration. They also provide HR systems, accountancy and personal tax services to Diageo, including services to support the process for assessing risk management, control systemsand processes.
- Kepler Associates; who reviewed and confirmed the total shareholder return of Diageo and the peer group companies for the 2004 TSR plan (the performance cycle which ended on 31 December 2006), and provided a monthly performance update on all outstanding performance cycles. They provided no other services to Diageo during the year
Additional remuneration survey data published by Hewitt Associates, Towers Perrin, Ernst & Young and Monks (a service line of PricewaterhouseCoopers LLP),were presented to the committee during the year.