Barclays 2003 Annual Report Download - page 29

Barclays PLC Annual Report 2003 27
2003 Annual Remuneration(a)
Executive Share
Compen- Award Scheme
sation ESAS(c)
Salary for loss Annual 2003 2002
and fees of office Benefits(b) cash bonus Total Total 2003 2002
£000 £000 £000 £000 £000 £000 £000 £000
Chairman
Sir Peter Middleton(d) 550 – 16 – 566 528 ––
Executive Directors
MW Barrett 1,100 – 69 1,919 3,088 1,697 831 223
CJ Lendrum 419 – 10 439 868 560 –65
JS Varley 471 – 9 425 905 668 184 86
Former Director
JM Stewart(e) 278 257 6 – 541 1,602 ––
Non-executive Directors(f )
TDG Arculus 58 –––58 52 ––
Sir Richard Broadbent(g) 17 –––17 –––
HM Cropper 57 –––57 52 ––
Professor Dame Sandra Dawson(h) 44 –––44 –––
Sir Brian Jenkins 144 –––144 100 ––
Sir Nigel Rudd 62 –––62 57 ––
SG Russell 77 –––77 58 ––
Dr Jürgen Zech 57 –––57 21 ––
Former Directors
Sir Nigel Mobbs(i) 26 –––26 79 ––
Graham Wallace(j) 19 –––19 52 ––
Notes
(a) Emoluments include amounts, if any, payable by subsidiary undertakings and by other companies where services are undertaken at
the Group’s request.
(b) The Chairman and executive Directors receive benefits in kind, which may include life cover, the use of a company owned vehicle, or cash
equivalent, and medical insurance, on similar terms to other senior executives.
(c) The amounts shown for ESAS 2003 represent payments which are expected to be made by the trustee to fund the provisional allocation
of shares in 2004, including a maximum potential 30% bonus share element, which is added to the award in two parts: 20% after 3 years,
10% after 5 years.
(d) Sir Peter Middleton received pension payments through the Barclays Bank UK Retirement Fund for 2003 of £73,000 (2002: £72,000). Details of
the payments are not included in the table above since this is a pension in payment relating to his Barclays service prior to becoming Chairman.
(e) John Stewart ceased to be a Director with effect from 27th February 2003. After ceasing to be a Director, he remained an employee of Barclays
until 7th August 2003. In accordance with his contract of employment, on 7th August he received a payment of base salary for the balance of his
12-month notice period ending 26th February 2004. All other benefits, including pension accrual ceased on 7th August 2003.
(f) Fees to non-executive Directors include an amount of not less than £20,000 which, after tax, is used to buy Barclays PLC ordinary shares for each
non-executive Director. Further details are provided on page 26.
(g) Sir Richard Broadbent was appointed as a non-executive Director on 1st September 2003.
(h) Professor Dame Sandra Dawson was appointed as a non-executive Director on 1st March 2003.
(i) Sir Nigel Mobbs retired from the Board on 24th April 2003.
(j) Graham Wallace resigned from the Board on 2nd April 2003.