Peachtree 2013 Annual Report Download - page 90

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Consideration by the directors of matters relating to directors’ remuneration
The following directors were members of the Remuneration Committee when matters relating to the directors’ remuneration for the year were being
considered:
– Ms R Markland (Chair)
– Mr D H Brydon
– Mr N Berkett
– Mr J Howell
– Ms T Ingram
– Mr I Mason
– Mr M E Rolfe
The Committee received assistance from Ms K Geary (former Group Director of Human Resources), Mr R Drury (current Group Director of Human
Resources), Ms R Fyffe (Director of Performance and Reward) and Mr M J Robinson (Company Secretary) and other members of management,
who may attend meetings by invitation, except when matters relating to their own remuneration are being discussed.
External advisers
The Remuneration Committee continues to receive advice from Deloitte, an independent firm of remuneration consultants appointed by the Committee
after consultation with the Board. During the year, Deloitte’s executive compensation advisory practice advised the Committee on developments in
market practice, corporate governance and institutional investor views and in the development of the Company’s incentive arrangements. Total fees
for advice provided to the Committee during the year were £79,000, of which £30,000 related to advice on compliance with new legislation on
directors’ remuneration.
The Committee is satisfied that the advice they have received has been objective and independent.
Deloitte is a founding member of the Remuneration Consultants Group and adheres to its Code in relation to executive remuneration consulting
in the UK.
Other parts of Deloitte have provided tax advice, specific corporate finance support in the context of merger and acquisition activity and unrelated
corporate advisory services.
Statement of shareholding voting
The table below sets out the results of the vote on the Remuneration report at the 2013 AGM:
Votes for Votes against
Number %Number %Votes cast Votes withheld
781,616,580 94.16% 48,521,017 5.84% 830,137,597 27,336,704
R Markland
Chairman of the Remuneration Committee
4 December 2013
Directors’ remuneration report continued
Directors’ annual remuneration report continued
88 The Sage Group plc | Annual Report & Accounts 2013