BT 2010 Annual Report Download - page 75

73BT GROUP PLC ANNUAL REPORT & FORM 20-F
ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS REVIEW OF THE YEAR OVERVIEW
Remuneration review
This part of the Report on directors’ remuneration is subject to audit.
Directors’ emoluments
Directors’ emoluments for the 2009/10 financial year were as follows:
Pension
allowance Other
Basic net benefits
salary and of pension Total salary Annual Expense excluding Total Total Deferred Bonus Planb
fees contributionsaand fees bonus allowance pension 2010 2009 2010 2009
£000 £000 £000 £000 £000 £000 £000 £000 £000 £000
Sir Michael Rakec600 – 600 – – 70 670 630 – –
I Livingstonc850 10 860 1,206 – 39 2,105 1,174 1,206 343
T Chanmugamc,d,e 475 143 618 463 19 9 1,109 275 346 77
G Pattersonc,d 500 100 600 487 19 27 1,133 698 365 121
T Ballf53 –53–––53–––
C Brendish 80 – 80–––8080––
J E Daniels 75 – 75–––7574––
P Hewittg128 –128–––12875––
P Hodkinson 100 – 100–––100100––
C G Symonh150 – 150 – – 24 174 150 – –
H Lalanic,d,i 458 176 634 503 4 25 1,166 805 – –
M Alahuhtaj12 –12–––1270––
D Lathenh,k 63 – 63 – – 18 81 75 – –
M van den Berghl44 –44–––44150––
F Barraultm– ––––––1,257 – –
B Verwaayenn– ––––––577––
3,588 429 4,017 2,659 42 212 6,930 6,190 1,917 541
Termination payments
H Lalanio131 –
F Barraultp10 1,599
B Verwaayen – 700
7,071 8,489
aPension allowance paid in cash for the 2009/10 financial year – see ‘Pensions’ below.
bDeferred annual bonuses payable in shares in three years’ time, subject to continued employment.
cOther 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 advice, and financial counselling.
dExpense 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.
eTony Chanmugam was granted a retention cash award in early 2008 prior to his appointment as a director. He will receive a payment of £315,000 in May 2010.
fTony Ball was appointed as a director on 16 July 2009.
gPatricia Hewitt was appointed as Senior Independent Director on 16 July 2009.
hIncludes an additional fee for regular travel from overseas to Board and Board committee meetings.
iHanif Lalani resigned as a director on 7 January 2010 and left the company on 31 March 2010.
jMatti Alahuhta retired as a director on 31 May 2009.
kDeborah Lathen retired as a director on 31 January 2010.
lMaarten van den Bergh retired as a director on 15 July 2009.
mFrançois Barrault resigned as a director on 30 October 2008 and left the company on 30 November 2008.
nBen Verwaayen retired as a director on 30 June 2008.
oHanif Lalani’s contract was terminated on 11 January 2010. In accordance with his contract, his salary of £585,000 per annum and the value of all the benefits to which he is entitled, amounting to
£195,000 per annum, will continue to be provided until the earlier of nine months from 31 March 2010 or his obtaining full-time employment.
pFrançois Barrault continued to receive medical insurance until 30 November 2009, in accordance with the terms of his contract.
REPORT OF THE DIRECTORS REPORT ON DIRECTORS’ REMUNERATION