Carphone Warehouse 2008 Annual Report Download - page 49

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www.cpwplc.com 37
Executive Directors’ service contracts
All Executive Directors have service contracts which are terminable by the Company or the Executive Director with 12 months’ notice or less.
The dates of each contract are set out below and none specifically provides for compensation for early termination.
External appointments
The Board supports Executive Directors holding Non-Executive Directorships of other companies and believes that such appointments are part of the
continuing development of the Executive Directors from which the Company will ultimately benefit. The Board has reviewed all such appointments and
sets out below those appointments that the Board believes require disclosure pursuant to the Code. The Board has also agreed that the Directors may
retain their fees from such appointments.
Currently, Charles Dunstone is a Non-Executive Director of The Daily Mail and General Trust PLC and Independent Media Distribution PLC, for which
the annual fees are £40,000 and £20,000 respectively. During the period he was a Non-Executive Director of HBOS PLC for which he received £85,313.
He does not currently intend to take on any additional responsibilities. David Goldie is a Non-Executive Director of the Cheshire Building Society, for
which he received £30,125.
Fees for Non-Executive Directors
The fees for each of the Non-Executive Directors are determined by the Board after considering external market research. Non-Executive Directors
receive a basic fee of £43,000 plus additional fees of £15,000 for chairing the Audit Committee and £10,000 for chairing the Remuneration Committee.
A fee of £4,000 is paid for membership of the Audit Committee, £4,000 for membership of the Remuneration Committee and £2,500 for membership
of the Nomination Committee. The Senior Independent Director receives an additional fee of £7,500.
The Non-Executive Directors do not take part in discussions on their remuneration. Each of the Non-Executive Directors, except David Ross, has a letter
of appointment substantially in the form suggested by the Code and each has a three month notice period with no compensation for loss of office.
The Company has no age limit for Directors.
The dates of each contract are set out below.
Directors’ interests in shares and dates of service contracts
Ordinary Shares of 0.1p
Director 29 March 2008 31 March 2007 Date of contract
J H Dale 168,300 168,300 30 March 2001
C W Dunstone 297,577,535 297,577,535 26 June 2000
S Esom 3,500 3,500 29 September 2005
J Gildersleeve 384,026 384,026 14 April 2005
D Goldie 827,317 823,495 1 July 2005
D Grigson –– 24 April 2007
A Harrison 401,400 401,400 3 April 2006
D Mansfield 500 500 29 September 2005
A H Martin 12,461 12,461 26 May 2005
Baroness Morgan 1,982 1,982 1 November 2005
Sir B Pitman 22,882 14,687 26 May 2005
D P J Ross 193,840,759 193,840,759 4 July 2002
R W Taylor 867,766 862,853 2 March 2000
Governance