Barclays 2009 Annual Report Download - page 182

180 Barclays PLC Annual Report 2009 www.barclays.com/annualreport09
Corporate governance
Remuneration report
continued
Group Chairman, Deputy Chairman and non-executive Directors
The Group Chairman, Deputy Chairman and non-executive Directors
receive fees which reflect the individual responsibilities and membership of
Board Committees. Fees are reviewed each year by the Board. Fees were last
increased in June 2008.
The first £20,000 of each non-executive Director’s base fee and the
Deputy Chairman’s fee is used to purchase Barclays PLC shares. These
shares, together with reinvested dividends, are retained on behalf of the
non-executive Directors until they retire from the Board.
Marcus Agius, Group Chairman, has a minimum time commitment
to Barclays equivalent to 60% of a full-time role and he receives private
health insurance in addition to his fees. Marcus Agius is not eligible to
participate in Barclays bonus and share incentive plans nor will he participate
in Barclays pension plans or receive any pension contributions. No other
non-executive Director receives any benefits from Barclays.
Membership and Chairmanship of Board Committees as at 31st
December 2009 and details of the remuneration received by the non-
executive Directors during the year are set out in Table 11. The Corporate
Governance Report sets out current membership. Details of non-executive
Director beneficial interests in Barclays PLC shares are set out in Table 12.
Table 12: Shareholdings At At 31st At 5th
1st January December March
2009 2009 2010
total total total
beneficial beneficial beneficial
interests interests interests
Group Chairman
Marcus Agius 113,148 113,530 113,530
Non-executive Directors
David Booth 64,248 73,325 75,376
Sir Richard Broadbent 24,625 34,590 36,634
Leigh Clifford AO 26,236 35,427 37,348
Fulvio Conti 30,482 39,304 41,274
Simon Fraser – 46,247 48,172
Reuben Jeffery III – 26,173 62,841
Sir Andrew Likierman 13,297 23,007 25,078
Sir Michael Rake 6,399 15,127 17,138
Sir John Sunderland 71,463 79,775 81,705
Table 13: Terms of letters of appointment Notice Potential
period compensation
Effective from the for loss
date Company of office
Group Chairman 12 months
contractual
Marcus Agius 1st Jan 2007 12 months remuneration
Non-executive Directors
David Booth 1st May 2007 6 months 6 months fees
Sir Richard Broadbent 16th July 2009 6 months 6 months fees
Leigh Clifford AO 1st Oct 2004 6 months 6 months fees
Fulvio Conti 1st Apr 2006 6 months 6 months fees
Simon Fraser 10th Mar 2009 6 months 6 months fees
Reuben Jeffery III 16th July 2009 6 months 6 months fees
Sir Andrew Likierman 1st Sep 2004 6 months 6 months fees
Sir Michael Rake 1st Jan 2008 6 months 6 months fees
Sir John Sunderland 1st June 2005 6 months 6 months fees
Table 11: 2009 fees Board
Corporate
Board HR Governance
Board and and
Deputy Board Audit Remuneration Nominations Board Risk Total Total
Chairman Chairman Member Committee Committee Committee Committee Benefits 2009 2008
£000 £000 £000 £000 £000 £000 £000 £000 £000 £000
Fees (at 31st Dec 09)
Full-year fee 750 200 70 – – – – – ––
Committee Chair – – – 60 40 – 40 – ––
Committee Member – – – 25 15 15 15 – ––
Fees to 31st December 2009
Group Chairman
Marcus Agius 750 – – – M. Ch. – 1 751 751
Non-executive Directors
David Booth – – M. – – – M. – 85 83
Sir Richard Broadbent – DCh. M. – Ch. M. Ch. – 197 188
Leigh Clifford AO – – M. – M. – – – 123 115
Fulvio Conti – – M. M. – – – – 95 90
Simon Fraser – – M. M. M. – – – 83 –
Reuben Jeffery III – – M. – – – – – 32 –
Sir Andrew Likierman – – M. M. – – M. – 110 105
Sir Michael Rake – – M. Ch. – M. M. – 141 90
Sir John Sunderland – – M. – M. M. – – 108 98
Leigh Clifford was also a member of the Asia Pacific Advisory Committee and received fees of US$60,000 (2008: US$60,000). These fees are included in those shown above.
As Deputy Chairman, Sir Richard Broadbent receives a fee of £200,000 per annum. From 16th July 2009, the date from which he was appointed as Deputy Chairman,
Sir Richard Broadbent did not receive any additional fees for serving on Board Committees or as Senior Independent Director.
Sir John Sunderland was appointed as a member of the Group Brand and Reputation Committee (for which the full-year fee is £15,000) with effect from 1st July 2009
and received fees of £7,500. These fees are included in those shown above.
Simon Fraser was appointed as a non-executive Director with effect from 10th March 2009.
Reuben Jeffery III was appointed as a non-executive Director with effect from 16th July 2009.
On 16th February 2010, the non-executive Directors acquired ordinary shares pursuant to
arrangements under which part of each non-executive Director’s fee is used to buy shares
in Barclays. Barclays PLC shares were acquired by each non-executive Director as follows:
David Booth 2,051; Sir Richard Broadbent 2,044; Leigh Clifford 1,921; Fulvio Conti 1,970;
Simon Fraser 1,925; Reuben Jeffery 2,668; Sir Andrew Likierman 2,071; Sir Michael Rake 2,011
and Sir John Sunderland 1,930. On 17th February 2010, Reuben Jeffery also acquired 8,500
Barclays American Depositary Receipts (ADRs), representing 34,000 Barclays PLC shares.
Except as described in this note, there were no changes to the beneficial or non-beneficial
interests of non-executive Directors in the period 31st December 2009 – 5th March 2010.