Barclays 2008 Annual Report Download - page 182

Corporate governance
Remuneration Report
180 Barclays PLC Annual Report 2008 |Find out more at www.barclays.com/annualreport08
Group Chairman, Deputy Chairman and non-executive Directors
The Group Chairman, Deputy Chairman and non-executive Directors
receive fees which reflect the individual responsibilities and membership
of Board Committees. Fees are reviewed each year by the Board. Fees were
last increased in June 2008.
The first £20,000 of each non-executive Director’s base fee and the
Deputy Chairman’s fee is used to purchase Barclays shares.These shares,
together with reinvested dividends, are retained on behalf of the non-
executive Directors until they retire from the Board.
Marcus Agius, Group Chairman, has a minimum time commitment to
Barclays of the equivalent to 60%of a full-time role and he receives private
health insurance in addition to his fees. Marcus Agius is not eligible to
participate in Barclays bonus and share incentive plans nor will he
participate in Barclays pension plans or receive any pension contributions.
Table 12: Shareholdings At At 31st At 27th
1st January December February
2008 2008 2009
total total total
beneficial beneficial beneficial
interests interests interests
Group Chairman
Marcus Agius 86,136 113,148 113,148
Non-executive Directors
David Booth 50,374 64,248 64,248
Sir Richard Broadbent 14,026 24,625 24,625
Leigh Clifford AO 18,872 26,236 26,236
Fulvio Conti 10,067 30,482 30,482
Professor Dame
Sandra Dawson 12,040 18,859 18,859
Sir Andrew Likierman 8,137 13,297 13,297
Sir Michael Rake 2,700 6,399 6,399
Sir Nigel Rudd DL 84,843 107,569 107,569
Stephen Russell 21,054 30,459 30,459
Sir John Sunderland 31,658 71,463 71,463
Patience Wheatcroft 828 4,144 4,144
Table 13: Terms of Letters of Appointment
Notice Potential
period compensation
Effective from the for loss
date Company of office
Group Chairman
12monthscontractual
Marcus Agius 1st Jan 2007 12 months remuneration
Non-executive Directors
David Booth 1st May 2007 6 months 6 months fees
Sir Richard Broadbent 1st Sep 2003 6 months 6 months fees
Leigh Clifford AO 1st Oct 2004 6 months 6 months fees
Fulvio Conti 1st Apr 2006 6 months 6 months fees
Professor Dame
Sandra Dawson 1st Mar 2003 6 months 6 months fees
Sir Andrew Likierman 1st Sep 2004 6 months 6 months fees
Sir Michael Rake 1st Jan 2008 6 months 6 months fees
Sir Nigel Rudd DL 1st Feb 1996 6 months 6 months fees
Stephen Russell 25th Oct 2000 6 months 6 months fees
Sir John Sunderland 1st Jun 2005 6 months 6 months fees
Patience Wheatcroft 1st Jan 2008 6 months 6 months fees
Table 11: Fees Board
Corporate
Board HR Governance
Senior and and
Deputy Board Independent Audit Remuneration Nominations Board Risk Total Total
Chairman Chairman Member Director Committee Committee Committee Committee Benefits 2008 2007
£000 £000 £000 £000 £000 £000 £000 £000 £000 £000 £000
Full-year fee
(at 31st Dec 08) 750 200 70 30 –––––––
Full-year fee – Committee Chair
(at 31st Dec 08) ––––60 40 - 40 –––
Full-year fee – Committee Member
(at 31st Dec 08) ––––25 15 15 15 –––
Fees to 31st December 2008
Group Chairman
Marcus Agius 750 ––––M. Ch. –1751 751
Non-executive Directors
David Booth ––M. –– ––M. – 83 43
Sir Richard Broadbent ––M. Snr. Ind. – Ch. M. Ch. – 188 180
Leigh Clifford AO ––M. ––M. –––115 97
Fulvio Conti ––M. – M. ––––90 85
Professor Dame Sandra Dawson ––M. – M. ––––90 85
Sir Andrew Likierman ––M. – M. ––M. – 105 100
Sir Michael Rake ––M. – M. ––––90 –
Sir Nigel Rudd DL – D. Ch. ––– –M. ––200 200
Stephen Russell ––M. – Ch. – M. M. – 153 145
Sir John Sunderland ––M. ––M. M. ––98 95
Patience Wheatcroft ––M. –– ––––78 –
No other non-executive Director receives any benefits from Barclays.
Details of the remuneration received by the non-executive Directors
during the year and their beneficial interests in Barclays PLC shares are set
out in tables 11 and 12.
Letters of Appointment
The Group Chairman, Deputy Chairman and non-executive Directors have
individual letters of appointment. Each appointment is for an initial six-
year term, renewable for a single term of three years thereafter. Sir Nigel
Rudd’s re-appointment as Deputy Chairman has been approved annually
by shareholders.
All non-executive Directors, except Sir Nigel Rudd DL and Professor
Dame Sandra Dawson, are standing for re-election at the 2009 AGM –
see page 155.
Patience Wheatcroft was a member of the Brand and Reputation Committee for which the full year fee is £15,000. Leigh Clifford was also a member
of the Asia Pacific Advisory Committee and received fees of US$60,000 (2007: US$35,000). These fees are included in those shown above.