Aviva 2013 Annual Report Download - page 68

Aviva plc
Annual report and accounts 2013
66
Extract of directors’ remuneration report continued
Single total gures of remuneration for 2013 – Executive Directors and Non-Executive Directors
(audited information)
The table below sets out in the required form the total 2013 remuneration for each of our Directors who served with the Company
during 2013.
Total 2013 Remuneration – Executive Directors and Non-Executive Directors
Basic salary / Fees Benets Annual bonus4LTIP5Pension7Total
2013
£000
2012
£000
2013
£000
2012
£000
2013
£000
2012
£000
2013
£000
2012
£000
2013
£000
2012
£000
2013
£000
2012
£000
Executive Directors
Mark Wilson1980 —239 —1,103 ———293 —2,615 —
Patrick Regan2720 699 37 34 ———4906199 193 956 1,416
Former Executive
Directors
Trevor Matthews3311 720 16 85 ——450 —92 212 869 1,017
Total emoluments of
Executive Directors 2,011 1,419 292 119 1,103 —450 490 584 405 4,440 2,433
Chairman/Executive
Chairman
John McFarlane 550 413 1018145 ——————651 558
Current
Non-Executive
Directors
Glyn Barker 122 76 —1——————122 77
Patricia Cross 8—1———————9—
Michael Hawker 137 137 1———————138 137
Gay Huey Evans 105 96 1———————106 96
Michael Mire 29 —1———————30 —
Sir Adrian Montague 113 —2———————115 —
Bob Stein 89 —1———————90 —
Scott Wheway 118 112 1———————119 112
Former
Non-Executive
Directors9
Russel Walls 47 129 —2——————47 131
Richard Karl Goeltz 44 119 —1——————44 120
Total emoluments of
Non-Executive
Directors 1,362 1,082 109 149 ——————1,471 1,231
Total emoluments of
All Directors 3,373 2,501 401 268 1,103 —450 490 584 405 5,911 3,664
Notes
1 Mark Wilson joined the board with effect from 1 December 2012, and became Group CEO on 1 January 2013. He received no emoluments in respect of 2012.
2 Patrick Regan tendered his resignation as Chief Financial Ofcer on 22 January 2014 and will leave the Board and the Group prior to the AGM and so received no bonus award for 2013. His LTIP awards
granted in 2011, 2012 and 2013 will lapse.
3 Trevor Matthews left Aviva on 6 June 2013 and so 2013 gures represent the period up to that date.
4 Bonus payable in respect of the nancial year including any deferred element at face value at date of award.
5 Value of the LTIP for 2013 relates to the 2011 award, which had a three year performance period ending on 31 December 2013. 34.48% of the award will vest in March 2014. An assumed Aviva ordinary
share price of 431.9 pence has been used to determine the value of the award based on the average share price over the nal quarter of the 2013 nancial year.
6 The LTIP value for Patrick Regan for 2012 has been updated to reect the actual value at vesting of the award. The gure previously disclosed was £607,302.
7 Pension contributions consist of employer contributions into the dened contribution section of the Aviva Staff Pension Scheme, excluding salary exchange contributions made by the employees, plus
payments in lieu of pension above the lifetime or annual allowance caps.
8 Benets for John McFarlane include the entitlement previously agreed for him to be reimbursed against evidenced expenditure for reasonable and appropriate costs associated with his relocation to the
UK, up to a maximum of £125,000, inclusive of any tax liability, which was rolled forward to 2013.
9 Richard Karl Goeltz and Russell Walls retired from the Board with effect from 8 May 2013. The remuneration gures shown in the table are for or relate to the period during which they were a director
of the Company.
This Strategic Report was approved by the Board on 5 March 2014.
Mark Wilson
Group Chief Executive Ofcer