Barclays 2015 Annual Report Download - page 102

100 I Barclays PLC Annual Report 2015 home.barclays/annualreport
Governance: Remuneration report
Annual report on Directors’ remuneration
Chairman and non-executive Directors
Remuneration for non-executive Directors reflects their responsibilities 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 2015 fees (audited)
Fees Benefits Total
2015
£000
2014
£000
2015
£000
2014
£000
2015
£000
2014
£000
Chairman
John McFarlanea628 – 11 – 639 –
Sir David Walkerb285 750 6 19 291 769
Non-executive Directors
Mike Ashley 207 213 – – 207 213
Tim Breedon 232 240 – – 232 240
Crawford Gilliesc178 91 – – 178 91
Reuben Jeffery III 135 160 – – 135 160
Wendy Lucas-Bulld358 367 – – 358 367
Dambisa Moyo 152 151 – – 152 151
Frits van Paasschen 88 80 – – 88 80
Sir Michael Rakee250 250 – – 250 250
Diane de Saint Victor 135 135 – – 135 135
Diane Schuenemanf k 74 – – – 74 –
Sir John Sunderlandg60 190 – – 60 190
Steve Thiekeh k 184 131 – – 184 131
Fulvio Contii– 37 – – – 37
Simon Fraserj– 47 – – – 47
Total 2,966 2,842 17 19 2,983 2,861
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 John McFarlane joined the Board as a non-executive Director with effect from 1 January 2015 and as Chairman from 24 April 2015. The total includes non-executive Director fees of
£78,000 for the period from 1 January 2015 to 24 April 2015.
b Sir David Walker retired from the Board with effect from 23 April 2015.
c Crawford Gillies joined the Board as a non-executive Director with effect from 1 May 2014.
d The 2014 figure has been updated to include fees received by Wendy Lucas-Bull for her role as Chairman of Barclays Africa Group Limited. The 2015 figure includes fees received by
her in 2015 for that role.
e Sir Michael Rake retired from the Board with effect from 31 December 2015.
f Diane Schueneman joined the Board as a non-executive Director with effect from 25 June 2015.
g Sir John Sunderland retired from the Board with effect from 23 April 2015.
h Steve Thieke joined the Board as a non-executive Director with effect from 7 January 2014.
i Fulvio Conti retired from the Board with effect from 24 April 2014.
j Simon Fraser retired from the Board with effect from 24 April 2014.
k Diane Schueneman and Steve Thieke both served in 2015 on the US Governance Review Board, which is an advisory board set up as the forerunner of the board of our US
intermediate holding company which will be established during 2016. The 2015 figures for Diane Schueneman and Steve Thieke include fees of $37,500 and $75,000 for these roles
respectively.
Chairman and non-executive Directors: Statement of implementation of remuneration policy in 2016
2016 fees, subject to annual review in line with policy, for the Chairman and non-executive Directors are shown below.
1 January 2016
£000
1 January 2015
£000
Percentage
Increase
Chairmana800b750 –
Deputy Chairmana250 250 0
Board member 80 80 0
Additional responsibilities
Senior Independent Director 30 30 0
Chairman of Board Audit or Board Remuneration Committee 70 70 0
Chairman of Board Risk Committee 60 60 0
Chairman of Board Reputation Committee 50 50 0
Membership of Board Audit or Board Remuneration Committee 30 30 0
Membership of Board Reputation or Board Risk Committee 25 25 0
Membership of Board Nominations Committee 15 15 0
Notes
a The Chairman and Deputy Chairman do not receive any other additional responsibility fees in addition to the Chairman and Deputy Chairman fees respectively.
b John McFarlane was appointed Chairman on 24 April 2015 on fees of £800,000.