Unilever 2003 Annual Report Download - page 62

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Unilever Annual Report & Accounts and Form 20-F 2003 59
Remuneration report – policy
Unilever’s share performance relative to broad-based
equity indices
Under the UK Directors’ Remuneration Report Regulations 2002,
we are required to show Unilever’s relative share performance,
based on Total Shareholder Return, against a holding of shares
in a broad-based equity index for the last five years. The
Remuneration Committee has decided to show Unilever’s
performance against two indices, Euronext AEX Index,
Amsterdam and FTSE 100 Index, as these are the most generally
used indices in the Netherlands and the UK, where we have our
principal listings.
Unilever
FTSE 100
Dec 1998 Dec 1999 Dec 2000 Dec 2001 Dec 2002 Dec 2003
140
120
100
80
60
40
20
0
Unilever PLC vs FTSE 100
Five years ended 31 December 2003
Unilever
AEX
Dec 1998 Dec 1999 Dec 2000 Dec 2001 Dec 2002 Dec 2003
140
120
100
80
60
40
20
0
Unilever NV vs AEX Amsterdam
Five years ended 31 December 2003
Advisory Directors
The Advisory Directors were not formally members of the Boards
of NV and PLC during 2003 and are therefore excluded when
reference is made to Directors in this report.
The remuneration of the Advisory Directors is decided by
the Boards. It is their intention that the Advisory Directors’
remuneration should reflect the commitment and contribution
of the Advisory Directors and be consistent with levels for other
global companies of a similar size and nature. The Boards receive
professional advice on competitive market levels from Towers
Perrin, an independent firm of human resources specialists.
Advisory Directors receive an annual fee and are reimbursed
expenses incurred in attending meetings. They do not receive any
performance-related bonuses, pension provisions, share options or
other forms of benefit as Advisory Directors. They do not have
service contracts. The annual fees paid to each Advisory Director
in 2003 are as shown on page 67.