Vodafone 1997 Annual Report Download - page 64

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Vodafone Group Plc Annual Report & Accounts for the year ended 31 March 1997
K J Hydon 1,394
E J Peett 1,394
No director had, since 1 April 1996, any interest in the shares of any subsidiary company.
Compliance
In July 1995, the Report of a Study Group chaired by Sir Richard Greenbury on Directors' Remuneration
('Greenbury') was published and some of its recommendations have been included in the Listing Rules of
the London Stock Exchange.The composition, terms of reference and operation of the Remuneration
Committee are in full compliance with Section A of the best practice provisions annexed to the Listing
Rules and the Committee gave full consideration to Section B of the best practice provisions which are
annexed to the Listing Rules when it last reviewed the executive directors' remuneration packages.
Greenbury asked the Faculty and Institute of Actuaries to recommend a basis for calculating the value of
pension entitlements earned by directors during the year and its recommendation has recently been
included in the Listing Rules. This Report includes the form of disclosure of directors' pensions as
envisaged by the Listing Rules. The Report of the auditors provides independent confirmation that this
Report of the Remuneration Committee provides the disclosures required by the Listing Rules.
Sir Ernest Harrison OBE
Chairman of the Remuneration Committee
24 June 1997
http://www.vodafone.com/download/investor/reports/annual97/5/4.htm (8 of 8)29/03/2007 22:44:51