Carphone Warehouse 2016 Annual Report Download - page 77

Dixons Carphone plc Annual Report and Accounts 2015/16
Corporate Governance
75
Single figure of directors’ remuneration for the period ended 2 May 2015
2014/15
Basic salary
and fees
£’000
Pension
contributions(2)
£’000
Annual
bonus(3)
£’000
Taxable
benefits(4)
£’000
Total
emoluments
£’000
LTIP
payments(5)
£’000
Total
remuneration
£’000
Executive
Current directors
Sebastian James(1) 590 59 1,025 13 1,687 — 1,687
A
ndrew Harrison 570 28 745 14 1,357 — 1,357
Humphrey Singer(1) 342 34 594 13 983 — 983
Katie Bickerstaffe(1) 360 36 625 12 1,033 — 1,033
Graham Stapleton(1) 343 17 623 10 993 — 993
F
ormer directors
Nigel Langstaff(1) 117(6) 6 — 4 127 — 127
2,322 180 3,612 66 6,180 — 6,180
Non-executive
Current directors
Sir Charles Dunstone 290 — — — 290 — 290
Roger Taylor 179 — — 1(7) 180 — 180
A
ndrea Gisle Joosen(1) 50 — — — 50 — 50
John Gildersleeve 87 — — — 87 — 87
Tim How(1) 47 — — — 47 — 47
Baroness Morgan of Huyton 70 — — — 70 — 70
Jock Lennox(1) 54 — — — 54 — 54
Gerry Murphy 67 — — — 67 — 67
F
ormer directors
John Allan(1) 75 — — — 75 — 75
John Allwood(1) 28 — — — 28 — 28
947 — — 1 948 — 948
3,269 180 3,612 67 7,128 — 7,128
(1) Remuneration is shown for the period served on the Board. The following directors were appointed on 6 August 2014: Sebastian James,
Humphrey Singer, Katie Bickerstaffe, Graham Stapleton, Andrea Gisle Joosen, Tim How and Jock Lennox. Remuneration / fees for
these directors is shown from appointment to 2 May 2015. John Allan was appointed to the Board on 6 August 2014 and resigned on
17 February 2015 and the fees shown are for this period. Nigel Langstaff and John Allwood resigned from the Board on 6 August 2014
and remuneration / fees are from 1 April 2014 to date of leaving.
(2) Pension contributions comprise the Company’s contribution or allowance in lieu together with the salary supplement which is based on the
difference between basic salary and the scheme earnings cap set by the Company. This additional amount was 10% for Sebastian James,
Humphrey Singer and Katie Bickerstaffe and 5% for Andrew Harrison, Nigel Langstaff and Graham Stapleton.
(3) Annual bonus for Graham Stapleton and base salary and annual bonus for Andrew Harrison represents the amount earned over 13 months
following the alignment of the financial year end. Annual bonuses for Sebastian James, Humphrey Singer and Katie Bickerstaffe represent
the amount earned over the 12 months to 2 May 2015, which includes the period prior to the Merger. All bonuses are calculated based on
the directors’ annual salary as at 2 May 2015.
(4) Taxable benefits include private medical insurance, car allowance and Sharesave gains of £4,000 for Sebastian James, Humphrey Singer
and Katie Bickerstaffe in respect of options granted on 26 February 2015 as set out in the table on page 79.
(5) LTIP payments would comprise amounts under the Share Plan, however, the performance period ends in July 2017.
(6) In addition to the above remuneration and subsequent to resigning from the Board on 6 August 2014, Nigel Langstaff received a
redundancy payment of £247,000 upon leaving the business in December 2014. Nigel also received £350,000 as a payment in lieu of notice
in respect of basic salary, £19,700 in respect of benefits (including car allowance, permanent health insurance and life cover) and £17,500 in
respect of pension contributions. There was no payment for accrued holiday untaken. These amounts were in line with contractual
entitlements and the Group’s redundancy payments policy and no discretion was applied in their determination. The Committee determined
to apply discretion to pay a bonus of £437,500 in respect of the period of service in the 2014/15 financial year and in respect of ongoing
support up to the announcement of the preliminary results for 2014/15.
(7) Roger Taylor continued to receive private medical insurance benefits.
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