Holiday Inn 2010 Annual Report Download - page 58

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56 IHG Annual Report and Financial Statements 2010
Remuneration report continued
From this point forward, the information provided has been audited by Ernst & Young LLP.
12. Audited information on Directors’ emoluments
Directors’ remuneration in 2010
The following table sets out the remuneration paid or payable to the Directors in respect of the year to 31 December 2010:
Total emoluments
Base salaries and fees Performance payments1 Benefits2 excluding pensions
2010 2009 2010 2009 2010 2009 2010 2009
£000 £000 £000 £000 £000 £000 £000 £000
Executive Directors
Andrew Cosslett 820 802 723 – 28 25 1,571 827
James Abrahamson3 196 – 178 – 6 – 380 –
Kirk Kinsell3 193 – 169 – 74 – 436 –
Richard Solomons 520 512 458 – 18 19 996 531
Non-Executive Directors
David Webster 398 390 – – – – 398 390
Graham Allan4 63 – – – – – 63 –
David Kappler 100 95 – – – – 100 95
Ralph Kugler 84 80 – – – – 84 80
Jennifer Laing5 74 68 – – – – 74 68
Jonathan Linen 63 60 – – – – 63 60
Ying Yeh 63 60 – – – – 63 60
Former Directors6 – – – – 1 1 1 1
Total 2,574 2,067 1,528 – 127 45 4,229 2,112
1 Performance payments comprise cash payments in respect of participation in the ABP but exclude bonus payments in deferred shares, details of which are set out in
the ABP table on page 58. For Messrs Abrahamson and Kinsell, this also includes a cash payment in lieu of dividends relating to share awards as outlined on page 58.
2 Benefits incorporate all tax assessable benefits arising from the individual’s employment. This includes, but is not limited to, benefits such as the provision of a fully
expensed company car, private healthcare, financial counselling and other benefits as applicable to the individual’s work location. This includes the cost of expatriate
benefits related to Kirk Kinsell’s international assignment.
3 Messrs Abrahamson and Kinsell were appointed as Directors on 1 August 2010. Base salaries, performance payments and benefits have been pro-rated from their date
of appointment. James Abrahamson’s pro-rated base salary is US$302,083 and Kirk Kinsell’s pro-rated base salary is US$297,917. Sterling values have been calculated
using an exchange rate of $1=£0.65.
4 Graham Allan was appointed as a Director on 1 January 2010.
5 Jennifer Laing’s fee was increased, pro rata, from 1 March 2009 when she became Chairman of the Corporate Responsibility Committee.
6 Sir Ian Prosser retired as a Director on 31 December 2003. However, he had an ongoing healthcare benefit of £1,179 during the year.