BT 2012 Annual Report Download - page 85

Download and view the complete annual report

Please find page 85 of the 2012 BT annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 205

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205

82 Governance
Directors’ service agreements and letters 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
The contract is terminable by the company on 12
months’ notice and by the director on six months’
notice.
I Livingston 1 June 2008
T Chanmugam 1 December 2008
G Patterson 1 June 2008
Non-executive directors
P Hodkinson 1 February 2006
Letter of appointment was for an initial period of
three years. The appointment was extended for three
years in February 2012.
J E Daniels
P Hewitt
1 April 2008
24 March 2008
Letters of appointment were for an initial period of
three years. The appointments were extended for
three years in March 2011.
T Ball 16 July 2009 Letter of appointment is for an initial period of three
years.
N Rose
J Whitbread
1 January 2011
19 January 2011
Letters of appointment are for an initial period of
three years.
K Richardson 1 November 2011 Letter of appointment is for an initial period of three
years.
There are no other service agreements, letters of appointment 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. The appointment of non-executive
directors is terminable by the Company or the director on three months’ notice with automatic termination in the event of not being re-elected
byshareholders.
Outside appointments
The Committee believes that there are significant benefits, to both the company and the individual, from executive directors accepting non-
executive directorships of companies outside BT. The Committee will consider up to two external appointments (of which only one may be to the
Board of a major company), for which a director may retain the fees. Ian Livingston receives an annual fee of £25,000 as a non-executive director
of Celtic and an additional annual fee of £5,000 for chairing the audit committee. Gavin Patterson is a non-executive director of British Airways for
which he receives an annual fee of £50,000 and the benefit of free BA flights.
Reports of the Board Committees
Overview
BusinessStrategy
Performance
Governance
Financial statements
Additional information Overview
BusinessStrategy
Performance
Governance
Financial statements
Additional information