BT 2006 Annual Report Download - page 59

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REMUNERATION REVIEW
This part of the Report on directors’ remuneration is subject to audit.
Directors’ emoluments
Directors’ emoluments for the financial year 2005/06 were as follows:
Basic
salary and
Pension
allowance
net
of pension Total salary Annual Expenses
Other
benefits
excluding Total Total Deferred Bonus Plan
e
fees contributions
a
and fees cash bonus allowance pension 2006 2005 2006 2005
£000 £000 £000 £000 £000 £000 £000 £000 £000 £000
Sir Christopher Bland
c
500 – 500 ––32 532 532 ––
B Verwaayen
bc
700 178 878 784 – 32 1,694 1,512 1,316 224
A Green
c
500 – 500 400 – 30 930 684 300 102
H Lalani
cd
400 – 400 320 – 39 759 207 240 68
I Livingston
bc
525 136 661 420 19 10 1,110 816 315 99
Dr P Reynolds
bcf
433 – 433 360 19 22 834 653 270 107
Sir Anthony Greener 115 – 115 –––
115 115 ––
M Alahuhta 8 – 8 –––8–––
M van den Bergh 59 – 59 –––
59 55 ––
C Brendish 50 – 50 –––
50 50 ––
P Hodkinson 8 – 8 –––8–––
L R Hughes 38 – 38 –––
38 21 ––
Baroness Jay 50 – 50 –––
50 50 ––
J Nelson 52 – 52 –––
52 50 ––
C G Symon 87 – 87 –––
87 50 ––
3,525 314 3,839 2,284 38 165 6,326 4,795
aBalance or part of the pension allowance for the financial year 2005/06 – see ‘Pensions’ below. Retirement benefits are accruing to three directors under defined contribution arrangements and to
three directors and one former director under defined benefit arrangements.
bExpenses allowance in the above table includes a monthly cash allowance in lieu of a company car equivalent to £18,500 received by Ian Livingston and Paul Reynolds.
Ben Verwaayen was entitled to an annual housing allowance of £250,000 until 13 January 2005. In the financial year 2004/05, £196,000 was paid in respect of that year.
cOther benefits includes some or all of the following: company car, fuel or driver, personal telecommunications facilities and home security, medical and dental cover for the director and immediate
family, special life cover, professional subscriptions and personal tax planning and financial counselling. In addition, Paul Reynolds had an interest free loan – see ‘Loans’ below.
dHanif Lalani joined the Board on 7 February 2005.
eDeferred annual bonuses payable in shares in three years’ time, subject to continued employment.
fPaul Reynolds sacrificed £225,000 of his total bonus of £360,000 and the company paid an equivalent amount into the BT Pension Scheme to provide him with additional benefits on a defined
contribution basis.
Report on directors’ remuneration BT Group plc Annual Report and Form 20-F 2006 57