Vodafone 1999 Annual Report Download - page 42

Remuneration Report of the Board
The remuneration of the non-executive directors, including the Chairman, is established by the Board of directors as a
whole and details of each individual non-executive director’s remuneration are included in the table below. The non-
executive directors do not participate in any of the Company’s share schemes or other employee benefit schemes, nor does
the Company make any contribution to their pension arrangements.
The appointment of Lord MacLaurin is subject to the terms of an agreement between the Company and Lord MacLaurin
with a three year term commencing on 21 July 1998. Lord MacLaurin is provided with a car.
The other non-executive directors are engaged on letters of appointment which set out their duties and responsibilities and
confirm their remuneration. Each of these appointments may be terminated at any time by the Company without the
payment of compensation.
Remuneration for the year to 31 March 1999
I ncentive
Salary/ fees schem es ( 6 ) Benefits Total
199 9 1998 1 9 99 1998 1999 1998 199 9 1998
£00 0 £000 £ 0 00 £000 £000 £000 £00 0 £000
Chairm an ( Non-executive)
Lord MacLaurin(1) 1 6 6 48 ––9–1 7 5 48
Chief Executive
C C Gent 636 587 1 6 2 –2 6 26 824 613
Executive directors
P R Bamford(2) 329 –8 3 –2 5 –4 37 –
J M Horn-Smith 356 326 90 –18 18 464 344
K J Hydon 339 319 8 6 –2 6 25 4 51 344
D Channing Williams(3) 366 344 9 3 –2 6 25 4 85 369
Non-executive directors
Professor Sir Alec Broers 50 12 ––––50 12
J Gildersleeve(4) 25 –––––25 –
P L Hughes(4) 29 –––––29 –
Sir David Scholey 5 0 4––––5 0 4
Sir Ernest Harrison(5) 66 213 ––725 73 238
Sir Gerald Whent(5) 32 104 ––––32 104
Form er directors – 331 –––36 –367
___ _ _ ___ ___ _ _ ___ ___ _ _ ___ ___ _ _ ___ _____ _ _ _ _ ______ _ _ ______ _ _ _ _ _____
2,4 4 4 2,288 5 14 – 137 1 5 5 3,0 9 5 2 ,443
___ _ _ ___ ___ _ _ ___ ___ _ _ ___ ___ _ _ ___ _____ _ _ _ _ ______ _ _ ______ _ _ _ _ _____
Notes
1. Lord MacLaurin was appointed Chairman of the Board on 21 July 1998.
2. P R Bamford joined the Board on 1 April 1998.
3. Salary and benefits for D Channing Williams are for the period to 31 March 1999 when he retired from the Board.
4. Information for J Gildersleeve and P L Hughes is stated from the dates of their appointment to the Board.
5. Information for Sir Ernest Harrison and Sir Gerald Whent is stated for the period to 21 July 1998, when they retired from the Board. Under the terms of their respective
Life President arrangements, the estimated value of benefits received by them from the date of their retirement to 31 March 1999 were £20,153 and £29,599 respectively.
6. These figures relate to the market value of the original award of shares expected to be made under the Vodafone Group Short Term Incentive Plan for the year ended 31
March 1999.
Pension benefits earned by the directors in the year to 31 March 1999
Nam e of
Director I ncrease in accrued pension during the
year ( £)
Transfer value of increase
in accrued pension and
change in retirm ent age ( £)
Accum ulated total
accrued pension at
year end ( £)
C C Gent 54,300 679,000 231,100
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