BP 2007 Annual Report Download - page 65

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Directors’ remuneration report
This is the board’s report to shareholders on directors’ remuneration. It
covers both executive directors and non-executive directors. The first and
second parts were prepared by the remuneration committee. The third
part was prepared by the company secretary on behalf of the board. The
report has been approved by the board and signed on its behalf by the
company secretary. The report is subject to the approval of shareholders
at the annual general meeting (AGM).
Contents
Part 1 Summary 64
Letter to shareholders
Summary 2007 remuneration
Pensions
Historical TSR performance
Part 2 Executive directors’ remuneration 66
2007 remuneration
Salary increases
Annual bonus result
2005-2007 share element result
Remuneration policy
Salary
Annual bonus
Long-term incentives
Pensions
Other benefits
Pensions table
Share element of EDIP table
Share options table
Service contracts
Executive directors – external appointments
Remuneration committee
Part 3 Non-executive directors’ remuneration 72
BP ANNUAL REPORT AND ACCOUNTS 2007 63