EasyJet 2015 Annual Report Download - page 84

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80 easyJet plc Annual report and accounts 2015
Shareholders’ vote on remuneration
Policy Annual Report on Remuneration
Votes cast in favour 169,949,424 97.59% 172,811,079 99.26%
Votes cast against 4,205,137 2.41% 1,281,804 0.74%
Total votes cast in favour or against 174,154,561 100.00% 174,092,883 100.00%
Votes withheld 354,559 384,461
What have Executive Directors earned for holding
external appointments?
Carolyn McCall joined the board of Burberry Group plc as a
non-executive director on 1 September 2014 and received
fees of £80,000 in the period to 30 September 2015. No other
Executive Directors held external appointments in the year
ended 30 September 2015.
How did shareholders vote on remuneration at the last AGM?
Votes cast at the AGM in February 2015 in respect of the
Company’s remuneration policy and the Annual report on
remuneration are given in the ‘Shareholders’ vote on remuneration’
table below. In line with the Company’s commitment to ongoing
dialogue with its shareholders, meetings are offered, where
appropriate, to understand the reasons for any potential or actual
opposition to the Company’s remuneration policy. Changes are
made to our policy where it is considered appropriate to do so.
How does the change in Chief Executive pay for the year
compare to that for easyJet employees?
The table below shows the percentage year-on-year change
in salary, benefits and annual bonus earned between the year
ended 30 September 2015 and the year ended 30 September
2014 for the Chief Executive, compared to the average earnings
of all other easyJet UK employees.
% Salary Benefits Annual bonus
CEO 1% 0% (11%)
Average pay based
on all easyJet’s UK
employees(1) 2% 0% 2%
(1) Reflects the change in average pay for UK employees employed in
both the year ended 30 September 2015 and the year ended
30 September 2014.
How much does easyJet spend on employee pay each year?
The table below shows the total pay for all of easyJet’s
employees compared to other key financial indicators.
Year ended
30 September
2014
Year ended
30 September
2015
Change
%
Employee costs (£m) 566 582 2.8%
Ordinary dividend (£m) 180 219 21.7%
Average number of
employees 8,987 9,811 9.2%
Revenue (£m) 4,527 4,686 3.5%
Profit before tax (£m) 581 686 18.1%
Additional information on the number of employees, total
revenue and profit has been provided for context.
The majority of easyJet’s employees (around 93%) perform flight
and ground operations, with the rest performing administrative
and managerial roles.
Directors’ remuneration report continued