BT 2009 Annual Report Download - page 64

ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS BUSINESS AND FINANCIAL REVIEWS OVERVIEW
62 BT GROUP PLC ANNUAL REPORT & FORM 20-F
REPORT OF THE DIRECTORS REPORT ON DIRECTORS’ REMUNERATION
each year. The directors are asked to hold these shares until they
retire from the Board. This policy is not mandatory.
No element of non-executive remuneration is performance-
related. Non-executive directors do not participate in BT’s bonus or
employee share plans and are not members of any of the company
pension schemes.
Directors’ service agreements and contracts of appointment
The dates on which directors’ initial service agreements/letters of appointment commenced and the current expiry dates are as follows:
Chairman and executive directors Commencement date Expiry date of current service agreement or letter of appointment
Sir Michael Rake 26 September 2007
I Livingstona1 June 2008
T Chanmugam 1 December 2008 The contract is terminable by the company on 12 months’ notice and by the
H Lalani 7 February 2005 director on six months’ notice.
G Patterson 1 June 2008
Non-executive directors
M van den Bergh 1 September 2000 Letter of appointment was for an initial period of three years. The
appointment was extended for three years in 2003 and extended for a
further three years in 2006. The appointment is terminable by the company
or the director on three months’ notice. The appointment will terminate at
the conclusion of the Annual General Meeting on 15 July 2009.
C Brendish 1 September 2002 Letter of appointment was for an initial period of three years. The
appointment was extended for three years in 2005 and by a further three
years in 2008. The appointment is terminable by the company or the
director on three months’ notice.
C G Symon 14 January 2002 Letter of appointment was for an initial period of three years. The
appointment was extended for three years in 2005 and extended for a
further three years in 2008. The appointment is terminable by the company
or the director on three months’ notice.
M Alahuhta 1 February 2006 Letter of appointment was for an initial period of three years. The
appointment was extended for three months in February 2009. The
appointment will terminate on 31 May 2009.
P Hodkinson 1 February 2006 Letter of appointment was for an initial period of three years. The
appointment was extended for three years in 2009. The appointment is
terminable by the company or the director on three months’ notice.
D Lathen 1 February 2007 Letters of appointment are for an initial period of three years and are
J E Daniels 1 April 2008 terminable by the company or the director on three months’ notice.
P Hewitt 24 March 2008 The appointment is renewable by mutual agreement.
Former directors
B Verwaayen 14 January 2002 The contract was terminable by the company on 12 months’ notice and by
the director on six months’ notice. The contract terminated on 30 June
2008.
F Barraultb24 April 2007 The contract was terminable by the company on 12 months’ notice and by
the director on six months’ notice. Terminated on 30 October 2008.
aIan Livingston entered into a new contract when he became Chief Executive on 1 June 2008. His previous contract commenced on 8 April 2002.
bFrançois Barrault also had a management agreement, dated 26 April 2004, which he entered into when he was appointed President, BT International. This agreement was terminable by the company on 12
months’ notice and by the director on six months’ notice. Terminated on 30 November 2008.
There are no other service agreements or material contracts, existing or proposed, between the company and the directors.
There are no arrangements or understandings between any director or executive officer and any other person pursuant to which any
director or executive officer was selected to serve. There are no family relationships between the directors.
REPORT OF THE DIRECTORS