Vodafone 2008 Annual Report Download - page 79

Audited information
Remuneration for the year ended 31 March 2008
The remuneration of current executive directors(1) receiving remuneration during the year ended 31 March 2008 was as follows:
Incentive Cash in
Salary/fees schemes(2) lieu of pension Benefits Total
2008 2007 2008 2007 2008 2007 2008 2007 2008 2007
£’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000
Chief Executive
Arun Sarin 1,310 1,272 2,130 1,928 – – 155 49 3,595 3,249
Executive directors
Vittorio Colao 830 383 1,291 500 249 115 594 58 2,964 1,056
Andy Halford 632 592 1,027 897 156 145 31 56 1,846 1,690
Total 2,772 2,247 4,448 3,325 405 260 780 163 8,405 5,995
Notes:
(1) Former executive director, Thomas Geitner, received the final payments under his compromise agreement during the year ended 31 March 2008. These included cash payments of £287,000 and
benefit costs of £1,000. These payments were disclosed within the total compensation costs for Thomas Geitner in the 2007 Annual Report. The payments were staggered, and conditional on not
joining a competitor.
(2) These figures are the cash payouts from the 2008 financial year Vodafone Group Short Term Incentive Plan applicable to the year ended 31 March 2008. These awards are in relation to the
performance against targets in adjusted operating profit, service revenue, free cash flow, total communications revenue and customer delight for the financial year ended 31 March 2008.
The remuneration of the non-executive directors serving during the year(1) ended 31 March 2008 was as follows:
Salary/fees Benefits Total
2008 2007 2008 2007 2008 2007
£’000 £’000 £’000 £’000 £’000 £’000
Chairman
Sir John Bond 540 363 13 11 553 374
Deputy Chairman
John Buchanan 145 119 10 15 155 134
Non-executive directors
Dr Michael Boskin 166 139 12 – 178 139
Lord Broers 35 95 – 14 35 109
Anne Lauvergeon 105 95 – – 105 95
Professor Jürgen Schrempp 105 95 – – 105 95
Luc Vandevelde 125 110 10 1 135 111
Philip Yea 105 95 – – 105 95
Anthony Watson 105 87 8 – 113 87
Nick Land 105 32 10 – 115 32
Alan Jebson 135 32 12 – 147 32
Simon Murray 79 – – – 79 –
Total 1,750 1,262 75 41 1,825 1,303
Note:
(1) Former non-executive director, Lord MacLaurin, received consulting fees of £125,000 during the year, together with continued benefits valued at £34,000 from his previous arrangements.
The aggregate remuneration paid by the Company to its collective senior management(1) for services for the year ended 31 March 2008, is set out below. The
aggregate number of senior management at 31 March 2008 was seven, one fewer than at 31 March 2007.
2008 2007
£’000 £’000
Salaries and fees 3,255 3,817
Incentive schemes(2) 4,964 4,752
Cash in lieu of pension 279 248
Benefits/Other 1,713 6,980
Total 10,211 15,797
Notes:
(1) Aggregate remuneration for senior management is in respect of those individuals who were members of the Executive Committee during the year ended 31 March 2008, other than executive
directors, and reflects compensation paid from either 31 March 2007 or date of appointment to the Executive Committee, to 31 March 2008 or date of leaving, where applicable.
(2) Comprises the incentive scheme information for senior management on an equivalent basis to that disclosed for directors in the table at the top of this page. Details of share incentives awarded
to directors and senior management are included in footnotes to “Medium term incentives” and “Long term incentives” on pages 78 and 79.
Vodafone Group Plc Annual Report 2008 77