Barclays 2012 Annual Report Download - page 95

Remuneration for non-executive Directors reflects their responsibility and time commitment and the level of fees paid to non-executive directors
of comparable major UK companies.
2012 fees for the Chairman and non-executive Directors (audited)
Fees
£000
Benefits
£000
2012
Total £000
2011
Total £000
Chairman
Sir David Walker 167 6 173 –
Non-executive Directors
David Booth 170 – 170 145
Tim Breedon 18 – 18 –
Fulvio Conti 110 – 110 105
Simon Fraser 140 – 140 130
Reuben Jeffery III 105 – 105 98
Sir Andrew Likierman 135 – 135 127
Dambisa Moyo 120 – 120 105
Sir Michael Rake 220 – 220 188
Sir John Sunderland 161 – 161 132
Alison Carnwath 114 – 114 158
Marcus Agius 750 1 751 751
Total 2,210 7 2,217 1,939
1. Sir David Walker was appointed to the Board as a non-executive Director with effect from 1 September 2012 and as Chairman from 1 November
2012. He received fees for the period 1 September 2012 to 31 October 2012 at the rate of £250,000 per annum, and from 1 November 2012 at
the rate of £750,000 per annum. Sir David is also entitled to private medical cover and the use of a company vehicle and driver when required
for business purposes.
2. Tim Breedon joined the Board as a non-executive Director on 1 November 2012.
3. Alison Carnwath resigned from the Board as a non-executive Director with effect from 24 July 2012.
4. Marcus Agius announced his intention to step down as Chairman and as a non-executive Director on 2 July 2012. On 3 July 2012, following
the resignation of Bob Diamond, the Board agreed that Marcus Agius would become full-time Chairman and lead the search for a new Chief
Executive as well as chair the Group Executive Committee. Marcus’ appointment as a non-executive Director and Chairman subsequently
terminated on 31 October 2012. In accordance with his appointment letter, Marcus Agius was paid his monthly fee as non-executive Director
and Chairman for the remainder of his notice period up to 1 January 2013. Accordingly the fees and benefits shown in the table above are for
the whole of 2012. No other payments were made in connection with his resignation.
5. Marcus Agius was appointed as a senior advisor providing corporate advisory support to Barclays Corporate Banking with effect from
1 November 2012. He is entitled to a fee for this role at the rate of £175,000 per annum. This fee was not paid for the period of 1 November 2012
to 1 January 2013. He is also eligible for medical cover. The appointment will be reviewed after 12 months in the light of business generated.
Letters of appointment
The Chairman and non-executive Directors have individual letters of appointment. The effective dates of the letters of appointment are shown in
the table below. All current non-executive Directors with the exception of Sir Andrew Likierman will be standing for re-election at the 2013 Annual
General Meeting.
Effective dates of letters of appointment
Effective date
Chairman
Sir David Walker 1 September 2012 (non-executive Director), 1 November 2012 (Chairman)
Non-executive Directors
David Booth 1 May 2007
Tim Breedon 1 November 2012
Fulvio Conti 1 April 2006
Simon Fraser 10 March 2009
Reuben Jeffery III 16 July 2009
Sir Andrew Likierman 1 September 2004
Dambisa Moyo 1 May 2010
Sir Michael Rake 1 January 2008
Sir John Sunderland 1 June 2005
Alison Carnwath 1 August 2010 (until 24 July 2012)
Marcus Agius 1 January 2007 (until 31 October 2012)
2012 remuneration for non-executive Directors
This section provides details of the fees provided to non-executive Directors during 2012 and details of their
letters of appointment.
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