BT 2007 Annual Report Download - page 64
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REMUNERATION REVIEW
This part of the Report on directors’ remuneration is subject to audit.
Directors’ emoluments
Directors’ emoluments for the financial year 2006/07 were as follows:
Basic
salary and
Pension
allowance
net
of pension Total salary Annual Expenses
Other
benefits
excluding Total Total Deferred Bonus Planf
fees contributionsaand fees cash bonus allowance pension 2007 2006 2007 2006
£000 £000 £000 £000 £000 £000 £000 £000 £000 £000
Sir Christopher Blandc500 15 515 – – 36 551 532 ––
B Verwaayenc742 190 932 884 – 44 1,860 1,694 1,366 1,316
A Greenc500 – 500 483 – 36 1,019 930 362 300
H Lalanic,d 450 135 585 444 – 39 1,068 759 333 240
I Livingstonb,c 525 102 627 507 19 12 1,165 1,110 380 315
P Reynoldsb,c 450 135 585 434 19 18 1,056 834 326 270
M van den Bergh 93 – 93 – – – 93 59 ––
M Alahuhta 45 – 45 – – – 45 8––
C Brendish 50 – 50 – – – 50 50 ––
P Hodkinson 55 – 55 – – – 55 8––
Baroness Jay 50 – 50 – – – 50 50 ––
D Lathene8–8–––8–––
J F Nelson 55 – 55 – – – 55 52 ––
C G Symon 115 – 115 – – – 115 87 ––
Sir Anthony Greenerg57–57–––57 115 ––
L R Hughesh–––––––38 ––
3,695 577 4,272 2,752 38 185 7,247 6,326
aBalance or part of the pension allowance for the financial year 2006/07 – see ‘Pensions’ below. Retirement benefits are accruing to three directors under defined contribution arrangements and to
three directors and one former director under defined benefit arrangements.
bExpenses allowance in the above table includes a monthly cash allowance in lieu of a company car equivalent to £18,500 received by Ian Livingston and Paul Reynolds.
cOther benefits includes some or all of the following: company car, fuel or driver, personal telecommunications facilities and home security, medical and dental cover for the director and immediate
family, special life cover, professional subscriptions and personal tax planning, and financial counselling. In addition, Paul Reynolds had an interest free loan – see ‘Loans’ below.
dHanif Lalani received an additional cash payment of £150,000 on 30 June 2006 in respect of a special retention arrangement established on 1 July 2004 when he was Chief Financial Officer,
BT Wholesale.
eDeborah Lathen was appointed as a director on 1 February 2007.
fDeferred annual bonuses payable in shares in three years’ time, subject to continued employment.
gSir Anthony Greener retired as a director on 30 September 2006.
hLou Hughes retired as a director on 31 March 2006.
BT Group plc Annual Report & Form 20-F 63
Report of the Directors Governance