ITF

9 REMUNERATION COMMITTEE The Remunera on Commi ee consists of the President, up to two non- execu ve members of the Board and one non-Board member. The contract of employment of the President is established and agreed by the Board of Directors. The Board delegates the annual performance review of the President's contract to the Remunera on Commi ee, excluding the President. The contract of employment of the Chief Opera ng Officer (COO) is established and agreed by the President and is presented to the Remunera on Commi ee for final remunera on package approval. The Remunera on Commi ee receives the COO's salary for review and also receives the senior execu ve pay awards for review plus receives high-level remunera on data for the remainder of the organisa on and reviews proposed increases for consistency and fairness. The Remunera on Commi ee reports to the first Board mee ng of the year on the percentages applied during the previous annual salary and bonus review, in line with internal and external factors. The Remunera on Commi ee agrees travel allowances for the President. The Remunera on Commi ee's Board members led by an 'ac ng chair' will conduct two super execu ve sessions at the March and November Board mee ngs. • March: Review and finalise the President's annual objec ves for the year • November: The super execu ve session will discuss the President's performance against the objec ves and determine the President's bonus for the current year and salary for the next year. The remaining directors receive no remunera on for their services, but are reimbursed for expenses incurred in carrying out their du es. DECISIONS AND APPEALS The ITF has appeal procedures, which are fully detailed in the Cons tu on and the regula ons for the individual compe ons. RISK MANAGEMENT The ITF is exposed to a variety of risk factors which are assessed on a regular basis. Policies to minimise financial risks include insurance cover, currency hedging, long term commercial contracts and the prudent and limited u lisa on of financial reserves to maintain programmes. The Board places great emphasis on its risk management policies and internal controls. It receives regular reports on risk management issues from management, including a summary risk register covering all ITF ac vity. The detailed risk register is reviewed by the Finance and Audit Commi ee and other commi ees review the sec ons of the detailed risk register relevant to their ac vity. The ITF also uses external consultants to advise on poten al risks and security at ITF events. SAFEGUARDING The ITF has established a panel to oversee its safeguarding provisions. This panel intends to commission a review of the exis ng provisions, which will include recommenda ons to ensure that appropriate policies, provisions and procedures are in place to safeguard players and, in par cular, vulnerable groups. ETHICAL STANDARDS All Board and commi ee members, directors, managers and employees are expected to act with the utmost integrity and objec vity, striving at all mes to enhance the reputa on and performance of the ITF. All Board members are required to declare any conflict of interest, perceived or otherwise, they may have in ma ers before the Board or commi ee, not to vote or par cipate in the debate on ma ers in which they have a conflict, to absent themselves from the mee ng during the discussion and to abstain from vo ng on that issue. CORPORATE GOVERNANCE (CONTINUED)

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