Holiday Inn 2007 Annual Report Download - page 42

3 Policy on remuneration of Non-Executive Directors
Non-Executive Directors are paid a fee which is approved by the Board on the recommendation of the Executive Directors, having taken
account of the fees paid in other companies of a similar complexity, and the skills and experience of the individual. Higher fees are payable
to the Chairman of the Remuneration Committee and to the Senior Independent Director, who chairs the Audit Committee, reflecting the
additional responsibilities of these roles.
Non-Executive Directors’ fee levels were last established by the Board on 1 January 2007. Having taken into account the global nature,
scale and complexity of the Group’s business, and current competitive fee levels, the following annual fee rates apply:
Role Fee
Chairman £390,000
Senior Independent Director & Chairman of Audit Committee £95,000
Chairman of Remuneration Committee £80,000
Other Non-Executive Directors £60,000
The information provided in the following pages of this report has been audited by Ernst & Young LLP.
Base Total emoluments excluding pensions
salaries Performance 1 Jan 2007 to 1 Jan 2006 to
and fees payments1Benefits231 Dec 2007 31 Dec 2006
4 Directors’ emoluments £000 £000 £000 £000 £000
Executive Directors
Andrew Cosslett 732 519 25 1,276 1,268
Richard Hartman3398 201 247 846 1,005
Stevan Porter4416 253 8 677 726
Richard Solomons 468 285 18 771 806
Non-Executive Directors
David Webster 390 – 2 392 354
David Kappler 95 – – 95 80
Ralph Kugler560––60 50
Jennifer Laing 60 – – 60 50
Robert C Larson 60 – – 60 50
Jonathan Linen 60 – – 60 50
Sir David Prosser 80 – – 80 65
Sir Howard Stringer6––––43
Ying Yeh75––5–
Former Directors8––111
Total 2,824 1,258 301 4,383 4,548
40 IHG Annual Report and Financial Statements 2007
Remuneration report continued
1 Performance payments include bonus awards in cash in respect of
participation in the Short Term Incentive Plan (STI) and the Short Term
Deferred Incentive Plan (STDIP) but exclude bonus awards in deferred
shares and any matching shares, details of which are set out in the STDIP
table on page 41.
2 Benefits incorporate all tax assessable benefits arising from the
individual’s employment. For Messrs Cosslett, Hartman and Solomons, this
relates in the main to the provision of a fully expensed company car and
private healthcare cover. In addition, Mr Hartman received housing, child
education and other expatriate benefits. For Stevan Porter, benefits relate
in the main to private healthcare cover and financial counselling.
3 Richard Hartman retired as a Director on 25 September 2007.
4 Emoluments for Stevan Porter include £79,051 that was chargeable
to UK income tax.
5 All fees due to Ralph Kugler were paid to Unilever.
6 Sir Howard Stringer resigned as a Director on 10 November 2006.
7 Ying Yeh was appointed as a Director on 1 December 2007.
8 Sir Ian Prosser retired as a Director on 31 December 2003. However,
he had an ongoing healthcare benefit of £1,150 during the year.