Vodafone 2014 Annual Report Download - page 87
Download and view the complete annual report
Please find page 87 of the 2014 Vodafone annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
 |
 |
2015 remuneration for the Chairman and non-executive directors
For the 2015 review, the fees for our Chairman and non-executives have been benchmarked against a comparator group of the FTSE 30 companies.
Following the review there will be no increases to the fees of non-executive directors. The Chairman’s fees will be increased by 4.2% to £625,000
from 1 July 2014.
Position/role
Fee payable (£’000)
From 1 April 2014
Chairman1625
Senior Independent Director2160
Non-executive director 115
Chairmanship of Audit and Risk Committee 25
Note:
1 The Chairman’s fee also includes the fee for the Chairmanship of the Nominations and Governance Committee.
2 The Senior Independent Director’s fees also include the fee for the Chairmanship of the Remuneration Committee.
For 2015, the allowance payable each time a non-Europe-based non-executive director is required to travel to attend Board and committee
meetings to reect the additional time commitment involved is £6,000.
Further remuneration information
Dilution
All awards are made under plans that incorporate dilution limits as set out in the guidelines for share incentive schemes published by the Association
of British Insurers. The current estimated dilution from subsisting executive awards is approximately 3.2% of the Company’s share capital at 31 March
2014 (2.0% at 31 March 2013), whilst from all-employee share awards it is approximately 0.6% (0.3% at 31 March 2013). This gives a total dilution
of 3.8% (2.3%at 31 March 2013).
Service contracts
The terms and conditions of appointment of our directors are available for inspection at the Company’s registered ofce during normal business
hours and at the AGM (for 15 minutes prior to the meeting and during the meeting). The executive directors have notice periods in their service
contracts of 12 months. The non-executive directors’ letters of appointment do not contain provision for notice periods or for compensation if their
appointments are terminated.
The executive directors will be proposed for election or re-election at the 2014 AGM.
Luc Vandevelde
On behalf of the Board
20 May 2014
85Overview
Strategy
review Performance Governance Financials Additional
information