EasyJet 2010 Annual Report Download - page 43

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Overview Business review Governance Accounts Other information
easyJet plc
Annual report and accounts 2010
Report on Directors’ remuneration
41
Introduction
This report sets out details of the remuneration policy for
Directors, describes its implementation and discloses the amounts
paid in the year ended 30 September 2010. The report has been
prepared in accordance with the provisions of the Companies Act
2006 and Schedule 8 of the Large and Medium-sized Companies
and Groups (Accounts and Reports) Regulations 2008. Those
sections of the report that have been subject to audit, in
accordance with corporate governance requirements, are
identified below.
The Committee has, wherever practical, taken due account of best
practice guidelines, including guidance given by the Association of
British Insurers and the National Association of Pension Funds.
Included within the report, are the following areas:
–Membership and responsibilities of the Remuneration Committee
– Activities of the Committee
– Remuneration policy
–Basic salary
–Annual bonus
–Long Term Incentive Plan
–All-employee share plan participation
–Previous share awards
–Shareholding guideline
–Pension contributions
–Benefits
– External appointments
– Service contracts
–Non Executive Directors (NEDs)
–Total shareholder return
Tables and text summarising Directors’ emoluments in 2010:
–Directors’ emoluments (audited)
–Arrangements relating to Andrew Harrison
–Directors’ remuneration 2010
– Directors’ interests
– Directors’ share awards (audited)
–Position against dilution limits
–Potential vesting of outstanding awards
Membership and responsibilities of the
Remuneration Committee
The responsibilities of the Remuneration Committee are disclosed
in the Corporate governance section on page 37. The members of
the Committee are: Keith Hamill (Chairman), David Bennett, Sven
Boinet and Professor Rigas Doganis.
The Committee appointed and the Company continues to use
Hewitt New Bridge Street (“HNBS”) as remuneration advisers.
Apart from advice regarding the design, establishment and
operation of remuneration arrangements, HNBS provides no other
services to the Company.