Carphone Warehouse 2016 Annual Report Download - page 79

Download and view the complete annual report

Please find page 79 of the 2016 Carphone Warehouse annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 160

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160

Dixons Carphone plc Annual Report and Accounts 2015/16
Corporate Governance
77
Non-executive directors’ and Chairman’s fees
The fees for the independent non-executive directors, including the Deputy Chairman, are determined by the Board (excluding
non-executive directors) after considering external market research and are reviewed on an annual basis. Factors taken into
consideration include the required time commitment, specific experience and / or qualifications. A base fee is payable and
additional fees are paid for chairing and membership of committees. The Chairman is not involved in the setting of his own salary
which is dealt with by the Remuneration Committee annually. Non-executive directors receive no variable pay and receive no
additional benefits, except in situations where an executive director becomes a non-executive director and benefit and pension
arrangements continue.
The Chairman, Deputy Chairman and Senior Independent Director receive all inclusive fees reflecting their duties. Other
independent non-executive directors received a basic fee of £60,000 (2014/15: £60,000) and additional fees as set out in the
table below for chairing or membership of committees. Fees will remain unchanged for 2016/17.
2015/16
£’000
2014/15
£’000
Chairman(1) 280 280
Deputy Chairman(2) 140 140(3)
Senior Independent Director(4) 90 N/A(5)
Chair of Audit Committee 15 15
Member of Audit Committee 5 5
Member of Nominations Committee 5 5
Member of Remuneration Committee 5 5
(1) The Chairman’s fee includes Chairmanship of the Nominations Committee.
(2) The Deputy Chairman’s fee includes Chairmanship of the Remuneration Committee and membership of the Nominations Committee.
(3) Fees for previous Deputy Chairman.
(4) The Senior Independent Director’s fee includes membership of the Nominations and Remuneration committees.
(5) The Senior Independent Director during 2014/15 was also Deputy Chairman, and received no additional fee for this.
00_DC 2016 Annual Report.pdf 77 11/07/2016 18:34