Tesco 2014 Annual Report Download - page 56

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Non-executive Director fees and responsibilities
Committee membership in 2013/14
SirRichard
Broadbent
Mark
Armour
Gareth
Bullock
Patrick
Cescau
Stuart
Chambers
Olivia
Garfield1
Ken
Hanna
Deanna
Oppenheimer2
Jacqueline
TammenomsBakker3
SeniorIndependentDirector x
RemunerationCommittee º•º º
NominationsCommittee •º º º
AuditCommittee ººº •
CorporateResponsibility
Committee
•º º º
x SeniorIndependentDirector
• CommitteeChairman
º Committeemember
1 OliviaGarfieldbecameamemberoftheAuditCommitteeon1April2014.
2 DeannaOppenheimerbecameamemberoftheRemunerationCommitteeon1March2014.
3 JacquelineTammenomsBakkertookoveraschairoftheCorporateResponsibilityCommitteeon1March2014.
Non-executive Director fee policy for 2014/15
ThecurrentNon-executiveDirectors’feesareasfollows:
Non-executive Director fees
Basicfees £70,000p.a.
Additionalfees
–SeniorIndependentDirector £26,000p.a.
–ChairsoftheAuditandRemunerationCommittees £30,000p.a.
–MembershipofAudit,CorporateResponsibility,NominationsandRemunerationCommittees £12,000p.a.foreachcommittee
Non-executiveDirectorfeesareduetobereviewedinJuly2014.
GarethBullock,StuartChambersandDeannaOppenheimerwereappointedtotheBoardofTescoPersonalFinanceGroupLimitedinJuly
2012.Theyarepaidabasicfeeof£70,000p.a.forthisroleandanadditionalfeeforCommitteemembershipof£12,000p.a.inlinewithother
membersoftheBoardofTescoPersonalFinanceGroupLimited.StuartChamberssteppeddownfromtheBoardofTescoPersonalFinance
GroupLimitedon4February2014.
Chairman fees
SirRichardBroadbent’sfeeforhisroleasNon-executiveChairmanis£625,000p.a.andhehasthebenefitofacompanycar,driver,
medicalinsuranceandsecurity.Thisfeewassetatthetimeofhisappointmentandhasnotbeenincreasedsince.Hedoesnotreceive
additionalcommitteefees.
Fees paid during 2013/14
ThetablebelowsetsoutthefeespaidtotheNon-executiveDirectorsfortheyearending22February2014.AstheNon-executiveDirectorsarenot
paidapensionanddonotparticipateinanyoftheCompany’svariableincentiveschemes,thisinformationisnotincludedinthetablebelow.
Thistablehasbeenaudited.
Single total figure of remuneration – Non-executive Directors
Fees
£000
Benefits
£000
To t a l
£000
SirRichardBroadbent 2013/14 625 81 706
2012/13 625 70 695
MarkArmour 2013/14 36 036
2012/13 –––
GarethBullock 2013/14 164 1165
2012/13 141 3144
PatrickCescau 2013/14 132 0132
2012/13 132 0132
Other information
Governance Financial statementsStrategic report
Tesco PLC Annual Report and Financial Statements 2014 53