Marks and Spencer 2012 Annual Report Download - page 67

Download and view the complete annual report

Please find page 67 of the 2012 Marks and Spencer annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

Governance Marks and Spencer Group plc Annual report and financial statements 2012 65
Overview Strategic review Financial review Governance Financial statements and other information
Directors’ emoluments
Salary/fee1
£000
Cash
allowance2
£000
Compensatory
awards3
£000
Benefits4
£000
Dividend
equivalents
£000
Bonus5
£000
Total
2012
£000
Total
2011
£000
Chairman
Robert Swannell 450 – – 1 – – 451 128
Chief Executive Officer
Marc Bolland 975 297 – 40 38 332 1,682 4,382
Executive directors
Kate Bostock 595 166 – 19 – 164 944 1,017
John Dixon 546 82 – 7 54 202 891 833
Steven Sharp 660 166 – 36 – 203 1,065 1,138
Alan Stewart 554 139 – 32 7 173 905 412
Laura Wade-Gery 396 111 741 7 – 122 1,377 –
Non-executive directors
Vindi Banga 41 – – – – – 41 –
Miranda Curtis 12 – – – – – 12 –
Jeremy Darroch 85 – – – – – 85 76
Martha Lane Fox 70 – – – – – 70 68
Steven Holliday 85 – – – – – 85 81
Jan du Plessis 73 – – – – – 73 68
Directors retiring from the board
during the year
Sir David Michels 92 – – – – – 92 209
Louise Patten 23 – – – – – 23 68
Total 4,657 961 741 142 99 1,196 7,796 8,480
1) Executive director salary increases, where applicable, were effective from 1 January 2012 as set out on page 58 and in the Contracts table on page 62.
2) The elements shown in the Cash allowance column of the table include pension supplement and car allowance, as applicable to each director and are described on page 58.
3) The Compensatory awards for Laura Wade-Gery include £335,000 in cash and £406,000 in shares for bonus and share awards that would have vested in 2011 had she remained
with her previous employer (as detailed in last year’s report).
4) The elements shown in the Benefits column of the table include car, life assurance and driver, as applicable to each director and are described on page 58.
5) For executive directors, 50% of the total bonus earned (shown on page 62) is paid in cash as shown in the table above. The remaining 50% is deferred into shares which will be
granted in June 2012. Laura Wade-Gery’s bonus is based on nine months worked in 2011/12.
Part 2: audited information