Aviva 2013 Annual Report Download - page 95

Strategic report Governance IFRS Financial statements Other information
Aviva plc
Annual report and accounts 2013
93
Directors’ remuneration report continued
The NEDs, including the Chairman of the Company, have letters of appointment which set out their duties and responsibilities.
The key terms of the appointments are set out in table 4 below.
Table 4: Non-executive directors key terms of appointment
Provision Polic
y
Period In line with the requirement of the UK Corporate Governance Code, all NEDs including the Chairman, are
subject to annual re-election by shareholders at each AGM.
Termination By the director or the Company at their discretion without compensation upon giving one month’s written
notice for NEDs and three months’ written notice for the Chairman of the Company.
Fees As set out in table 7.
Expenses Reimbursement of travel and other expenses reasonably incurred in the performance of their duties. Also, in
respect of the Chairman, the committee rolled forward to 2013 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.
Time commitment Each director must be able to devote sufficient time to the role in order to discharge his or her
responsibilities effectively.
Appointment dates Director
Date of last appointment on letter
of appointment3
Appointment end date in accordance with
letter of appointment
Glyn Barker 3 May 2012 AGM 2014
Patricia Cross 1 December 2013 AGM 2014
Richard Karl Goeltz1 3 May 2012 AGM 2013
Michael Hawker 3 May 2012 AGM 2014
Gay Huey Evans 3 May 2012 AGM 2014
John McFarlane 3 May 2012 AGM 2014
Michael Mire 7 August 2013 AGM 2014
Sir Adrian Montague 15 January 2013 AGM 2014
Bob Stein 15 January 2013 AGM 2014
Russell Walls2 3 May 2012 AGM 2013
Scott Wheway 3 May 2012 AGM 2014
Notes
1 Richard Karl Goeltz retired from the Board with effect from 8 May 2013.
2 Russell Walls retired from the Board with effect from 8 May 2013.
3 The dates shown above reflect actual appointment dates where agreed following signature of the letter as all appointments are subject to regulatory approval.