Carphone Warehouse 2014 Annual Report Download - page 55

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PERFORMANCE GRAPH
The graph shows the Group’s performance measured through TSR,
compared with the FTSE 250 Index, since 29 March 2010 when the
Company was first admitted to the London Stock Exchange following
the Demerger. The FTSE 250 Index was selected as it is a broad
market which includes competitors of the Company.
Carphone Warehouse
Group plc
FTSE 250 Index
Mar 10
80
130
180
230
280
330
380
430
480
530
580
Mar 11 Mar 12 Mar 13 Mar 14
CHIEF EXECUTIVE PAY
The following table shows the Chief Executive Officer’s single total
figure ofremuneration, the amount of bonus earned asa percentage
of the maximum remuneration possible, and the vesting of long-term
awards as a percentage of the maximum number of shares that
could have vested where applicable.
Long-term
Annual incentive
bonus vesting
CEO single pay-out rates against
total figure of
against maximum
remuneration
1
maximum opportunity
Year £000 % %
2014 Andrew Harrison 679 54% n/a
Roger Taylor3159 n/a n/a
Total 845 n/a
2013 Roger Taylor 958 55% n/a
2012 Roger Taylor 474 0%2n/a
2011 Roger Taylor 1,193 82% n/a
1. Excludes remuneration received from long-term incentive schemes
established by Old Carphone Warehouse prior to the Demerger because
thatcompany is not part of the current Group. Details of remuneration associated
with Old Carphone Warehouse incentive schemes were provided in the Company’s
annual report for the year ended 31 March 2012. Future reports will include
long-term incentives operated by the current Group when they have vested.
Future reports will also reflect any necessary changes if the Merger completes.
2. In 2012 Roger Taylor waived a bonus of 25% of maximum potential andinstead
chose for it to be paid directly to charity.
3. The amount quoted relates only to remuneration received whilst Roger Taylor
held the position of Chief Executive Officer.
DIRECTORS’ INTERESTS IN SHARES
Details of directors’ interests in shares of the Company
at31March2014 are shown in the following table:
Ordinary shares
2014 2013
Sir Charles Dunstone 135,083,481
132,833,481
Andrew Harrison* 5,000,000 n/a
Nigel Langstaff* 3,654,180 3,609,180
Roger Taylor 9,808,554 9,693,554
John Allwood 10,000 10,000
John Gildersleeve 122,568 123,000
Baroness Morgan of Huyton 991 991
Gerry Murphy ——
* In order to participate in the Carphone Warehouse Share Plan Andrew Harrison
and Nigel Langstaff have also subscribed for 700 and 600 participation shares
respectively in New CPW Limited.
We recognise that senior employees should hold a minimum level
ofshares in the Company and we currently believe the number of
shares held by our executive directors as set out in this report satisfies
this requirement without the need currently to specify a precise
minimum number. However, this policy will be regularly reviewed by
the Committee, in particular in light of the Merger and any proposed
changes will be set out in next year's Remuneration Report.
COMPLIANCE
As required by the Regulations, a resolution to approve this
Remuneration Report will be proposed at the annual general
meeting tobeheld on 23 July 2014.
This report was approved by the Board on 25 June 2014.
John Gildersleeve Chairman, Remuneration Committee
Carphone Warehouse Group plc
Annual Report 2014 53
CORPORATE GOVERNANCE