BP 2009 Annual Report Download - page 210
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BP Annual Report and Accounts 2009
Parent company financial statements of BP p.l.c.
12. Auditor’s remuneration
Fees payable to the company’s auditors for the audit of the company’s accounts were $13 million (2008 $16 million and 2007 $18 million).
Remuneration receivable by the company’s auditors for the supply of other services to the company is not presented in the parent company
financial statements as this information is provided in the consolidated financial statements.
13. Directors’ remuneration
2
10
208
Remuneration of directors $ million
2009 2008 2007
Total for all directors
Emoluments 19 19 26
Gains made on the exercise of share options 21
Amounts awarded under incentive schemes 2–
Emoluments
These amounts comprise fees paid to the non-executive chairman and the non-executive directors and, for executive directors, salary and benefits
earned during the relevant financial year, plus bonuses awarded for the year. Ex gratia superannuation payments of $3 million were included in 2007.
Compensation for loss of office was $1 million in 2008 and $1 million in 2007.
Pension contributions
Three executive directors participated in a non-contributory pension scheme established for UK staff by a separate trust fund to which contributions
are made by BP based on actuarial advice. Two US executive directors participated in the US BP Retirement Accumulation Plan during 2009.
Office facilities for former chairmen and deputy chairmen
It is customary for the company to make available to former chairmen and deputy chairmen, who were previously employed executives, the use of
office and basic secretarial facilities following their retirement. The cost involved in doing so is not significant.
Further information
Full details of individual directors’ remuneration are given in the directors’ remuneration report on pages 81 to 92.