Unilever 2005 Annual Report Download - page 54

Unilever Annual Report and Accounts 2005 51
Report of the Directors
Reports of Board committees
General information 04
Chairman’s foreword 05
Group Chief Executive 06
About Unilever 09
Financial and operating reviews 15
Risk management 31
Corporate governance 33
Reports of Board committees 51
Report of the Nomination Committee 52
Report of the Remuneration Committee 53
Remuneration policy 2006 and beyond –
Executive Directors 54
Main principles 54
Unilever reward policy table 54
Base salary 55
Annual incentive 55
Long-term incentives 55
Executive Directors’ pensions 56
Other benefits and allowances 56
Future developments 56
Commentary on Executive Directors’ Remuneration
paid in 2005 56
Base salary 56
Annual incentive 57
Long-term incentive arrangements 57
Pensions 57
Arrangements for former Executive Directors in 2005 57
Non-Executive Directors 57
Other items 58
Remuneration Committee 58
Aggregate remuneration for Executive Directors 59
Remuneration for individual Executive Directors 60
Executive Directors’ Global Performance Share Plan 61
Executive Directors’ conditional share awards
under the TSR Long-Term Incentive Plan 62
Executive Directors’ Share Matching Plan 63
Executive Directors’ share options 64
Executive Directors’ pensions 66
Executive Directors’ interests – share capital 67
Non-Executive Directors’ remuneration 68
Non-Executive Directors’ interests – share capital 69
Definition of auditable part of the report of
the Remuneration Committee 69
Report of the Audit Committee 70
Report of the External Affairs Committee 72