BT 2003 Annual Report Download - page 73

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Report on directors’ remuneration
Operating Committee
The aggregate remuneration of members of the Operating Committee (OC), other than directors, for services in all
capacities during the 2003 financial year was as follows:
2003
£000
2002
£000
Salaries and benefits 275 3,703
Annual bonuses 201 1,551
Termination and retention payments –1,276
Provision for long-term incentive awards 327 4,959
Company pension contributions 32 857
Total 835 12,346
The OC replaced the Executive Committee in February 2002. Of the six members of the OC, five are members
of the Board.
Pierre Danon, Andy Green and Paul Reynolds were appointed to the Board on 19 November 2001 and from
that date their directors’ salaries are reflected in the table on page 65.
No options were granted under the BT Group Employee Sharesave Scheme to OC members, other than
directors, during the 2003 financial year (2002 – 5,650).
The members of the OC beneficially own less than 1% of the company’s outstanding ordinary shares.
By order of the Board
Sir Anthony Greener
Deputy Chairman and Chairman of Remuneration Committee
21 May 2003
72 BT Annual Report and Form 20-F 2003