Vodafone 2016 Annual Report Download - page 73

Change in the Chief Executive’s remuneration
In the table below we show the percentage change in the Chief Executive’s remuneration (salary, taxable benets and annual bonus payment)
between the 2015 and 2016 nancial years compared to the average for other Vodafone Group employees who are measured on comparable
business objectives and who have been employed in the UK since 2015 (per capita). Vodafone has employees based all around the world and some
of these individuals work in countries with very high ination therefore a comparison to Vodafone’s UK-based Group employees is more appropriate
than to all employees.
Percentage change from 2015 to 2016
Item Chief Executive: Vittorio Colao
Other Vodafone Group employees
employed in the UK
Base salary 0.9% 5.1%
Taxable benets -20.0% 0.4%
Annual bonus 4.3% 15.4%
Relative spend on pay
The chart below shows both the dividends distributed in the year and the total cost of remuneration in the Group.
Relative importance of spend on pay
4,000
5,000
3,000
2,000
1,000
0
£m
2,930
4,411
4,194
2,998
2015 2016 2015 2016
Distributed by way of dividends Overall expenditure on
remuneration for all employees
For more details on dividends and expenditure on remuneration for all employees, please see pages 111 and 140 respectively.
2016 remuneration for the Chairman and Non-Executive Directors (audited)
Salary/fees Benets1Total
2016
£’000
2015
£’000
2016
£’000
2015
£’000
2016
£’000
2015
£’000
Chairman
Gerard Kleisterlee 625 625 77 66 702 691
Senior Independent Director
Philip Yea 128 115 1 –129 115
Non-Executive Directors
Sir Crispin Davis (appointed 28 July 2014) 115 78 –26 115 104
Dr Mathias Döpfner (appointed 1 April 2015) 115 –1–116 –
Dame Clara Furse (appointed 1 September 2014) 115 67 – – 115 67
Valerie Gooding 132 115 65138 120
Renee James2133 145 10 11 143 156
Samuel Jonah2151 151 17 5168 156
Nick Land 140 140 1 1 141 141
David Nish (appointed 1 January 2016) 29 – 7 – 36 –
Former Non-Executive Directors
Alan Jebson2 (retired 31 July 2014) –56 –32 –88
Omid Kordestani2 (retired 31 December 2014) –116 –14 –130
Anne Lauvergeon (retired 31 July 2014) –38 –1–39
Luc Vandevelde (retired 28 July 2015) 53 160 19 672 166
Anthony Watson (retired 31 July 2014) –38 – 4 – 42
Total 1,736 1,844 139 171 1,875 2,015
Notes:
1 We have been advised that for Non-Executive Directors, certain travel and accommodation expenses in relation to attending Board meetings should be treated as a taxable benet. The table
above includes these travel expenses and the corresponding tax contribution.
2 Salary/fees include an additional allowance of £6,000 per meeting for Directors based outside Europe.
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Vodafone Group Plc
Annual Report 2016
71