BT 2009 Annual Report Download - page 66

ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS BUSINESS AND FINANCIAL REVIEWS OVERVIEW
64 BT GROUP PLC ANNUAL REPORT & FORM 20-F
Remuneration review
This part of the Report on directors’ remuneration is subject to audit.
Directors’ emoluments
Directors’ emoluments for the financial year 2008/09 were as follows:
Pension Annual
allowance bonus Other
Basic net (to be benefits
salary and of pension Total salary converted Expenses excluding Total Total Deferred Bonus Planb
fees contributionsaand fees to sharesp) allowance pension 2009 2008 2009 2008
£000 £000 £000 £000 £000 £000 £000 £000 £000 £000
Sir Michael Rakec,d 600 – 600 – – 30 630 328 – –
I Livingstond,e,f 802 6 808 343 8 15 1,174 1,018 343 404
T Chanmugamd,e,f,h,i 158 – 158 103 6 8 275 – 77 –
H Lalanid,f,g 574 172 746 – 7 52 805 1,076 – 281
G Pattersond,e,f,j 417 85 502 162 15 19 698 – 121 –
M van den Bergh 150 – 150–––150128––
M Alahuhta 70 – 70–––7051––
C Brendish 80 – 80–––8056––
J E Danielsk74 –74–––74–––
P Hewittl75 –75–––751––
P Hodkinson 100 – 100–––10069––
D Lathenm75 –75–––7555––
C G Symon 150 – 150–––150128––
F Barraultd,n 441 132 573 – – 684 1,257 1,263 – 312
B Verwaayend,p 200 51 251 300 – 26 577 1,816 – 1,534
Sir Christopher Blandr– ––––––270––
A Greens– ––––––646––
P Reynoldst– ––––––686––
Baroness Jayu7 –7–––742––
J F Nelsonv– ––––––44––
3,973 446 4,419 908 36 834 6,197 7,677 – –
Termination payments
F Barraulto1,599
B Verwaayenq700
8,496
aPension allowance paid in cash for the financial year 2008/09 – see ‘Pensions’ below.
bDeferred annual bonuses payable in shares in three years’ time, subject to continued employment.
cSir Michael Rake was appointed as Chairman and a director on 26 September 2007.
dOther benefits include 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, personal tax planning, and financial counselling.
eDirectors will use their cash bonus to purchase BT shares.
fExpense allowance in the above table includes a monthly cash allowance in lieu of a company car or part of such allowance which has not been used for a company car.
gHanif Lalani advised the Remuneration Committee that he did not wish to be considered for a bonus for 2008/09.
hTony Chanmugam was appointed as a director on 1 December 2008.
iTony Chanmugam was granted a retention cash award in early 2008 under which he will receive payment of £315,000 in March 2010.
jGavin Patterson was appointed as a director on 1 June 2008.
kEric Daniels was appointed as a director on 1 April 2008.
lPatricia Hewitt was appointed as a director on 24 March 2008.
mDeborah Lathen was appointed as a director on 1 February 2007.
nFrançois Barrault resigned as a director on 30 October 2008 and left the company on 30 November 2008. His additional expatriate benefits included housing allowance, school fees, international tax
preparation and equalisation, social club and representation allowance. He also received a payment of €700,000 (£554,150) in June 2008 arising from a retention award prior to his appointment to the
Board. A further payment of £176,358 was made on behalf of François Barrault to the relevant authorities in respect of tax equalisation. This did not constitute monies paid to, or received by, François
Barrault, but represented amounts paid to equalise his tax to his home country level.
o François Barrault received a termination payment of €1,933,435 (£1,598,805) in accordance with the terms of his contract. This consisted of the equivalent of 12 months’ salary and benefits as defined in
the contract. Total remuneration and payments to François Barrault in 2008/09 amounted to £2,855,805.
pBen Verwaayen retired as a director on 30 June 2008. He received a bonus of £300,000 for his contribution in 2008/09 prior to leaving the Board. The bonus was paid in cash and will not be converted to shares.
qBen Verwaayen received a termination payment of £700,000 in accordance with the terms of his contract. Total remuneration and payments to Ben Verwaayen in 2008/09 amounted to £1,277,000.
rSir Christopher Bland retired as a director on 30 September 2007.
sAndy Green resigned as a director on 12 November 2007 and left the company on 31 December 2007.
tPaul Reynolds resigned as a director on 14 September 2007.
uBaroness Jay retired as a director on 13 January 2008 but continues as a member of the Committee for Responsible and Sustainable Business for which she receives an annual fee of £6,500.
vJohn Nelson retired as a director on 13 January 2008.
REPORT OF THE DIRECTORS REPORT ON DIRECTORS’ REMUNERATION
REPORT OF THE DIRECTORS