Barclays 2014 Annual Report Download - page 95

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Percentage change in Group Chief Executive’s remuneration
The table below shows how the percentage change in the Group Chief Executive’s salary, benefits and bonus between 2013 and 2014 compares
with the percentage change in the average of each of those components of pay for United Kingdom based employees.
Salary Role Based Pay Benefits Annual bonus
Antony Jenkins No Change
Introduced
in 2014 (27.5%)
See note
below
Average based on UK employees 3.1%
Introduced
in 2014 No change (8.4%)
Note
Antony Jenkins announced on 3 February 2014 that he would decline any 2013 bonus offered to him by the Committee. It is therefore not possible to calculate a percentage increase
from 2013 to 2014.
We have chosen UK employees as the comparator group as it is the most representative group for pay structure comparisons.
Relative importance of spend on pay
A year on year comparison of the relative importance of pay and distributions to shareholders is shown below. 2014 Group compensation costs
have reduced by 8% and dividends to shareholders have increased 23% from 2013.
Group Compensation Costs (£m)
£9,616
0 3,000 6,000 9,000
£8,8912014
2013
Dividends to shareholders (£m)
£859
0 200 400 600 1,000
£1,0572014
2013
800
Chairman and non-executive Directors
Remuneration for non-executive Directors reflects their responsibility and time commitment and the level of fees paid to non-executive Directors
of comparable major UK companies.
Chairman and non-executive Directors: Single total figure for 2014 fees (audited)
Fees Benefits Total
2014
£000
2013
£000
2014
£000
2013
£000
2014
£000
2013
£000
Chairman
Sir David Walker 750 750 19 17 769 767
Non-executive Directors
Mike Ashleya213 39 – – 213 39
Tim Breedon 240 183 – – 240 183
Fulvio Contib 37 110 – – 37 110
Simon Fraserc 47 140 – – 47 140
Crawford Gilliesd 91 – – – 91 –
Reuben Jeffery III 160 124 – – 160 124
Wendy Lucas-Bulle105 25 – – 105 25
Dambisa Moyo 151 129 – – 151 129
Frits van Paasschenf 80 33 – – 80 33
Sir Michael Rake 250 220 – – 250 220
Diane de Saint Victorg135 90 – – 135 90
Sir John Sunderland 190 189 – – 190 189
Steve Thiekeh131 – – – 131 –
David Boothi – 185 – – – 185
Sir Andrew Likiermanj – 45 – – – 45
Total 2,580 2,262 19 17 2,599 2,279
Non-executive directors are reimbursed expenses that are incurred for business reasons. Any tax that arises on these reimbursed expenses is paid
by Barclays.
The Chairman is provided with private medical cover and the use of a company vehicle and driver when required for business purposes.
Notes
a Mike Ashley joined the Board as a non-executive Director with effect from 18 September 2013.
b Fulvio Conti retired from the Board as a non-executive Director with effect from 24 April 2014.
c Simon Fraser retired from the Board as a non-executive Director with effect from 24 April 2014.
d Crawford Gillies joined the Board as a non-executive Director with effect from 1 May 2014.
e Wendy Lucas-Bull joined the Board as a non-executive Director with effect from 19 September 2013.
f Frits van Paasschen joined the Board as a non-executive Director with effect from 1 August 2013.
g Diane de Saint Victor joined the Board as a non-executive Director with effect from 1 March 2013.
h Steve Thieke joined the Board as a non-executive Director with effect from 7 January 2014.
i David Booth retired from the Board as a non-executive Director with effect from 31 December 2013.
j Sir Andrew Likierman retired from the Board as a non-executive Director with effect from 25 April 2013.
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