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Report of the Remuneration Committee continued
72 Unilever Annual Report and Accounts 2008
Report of the Directors
Non-Executive Directors
The following section contains detailed information and commentary on the Non-Executive Directors’ annual fees and share interests.
The Non-Executive Directors receive fees from both NV and PLC. No other remuneration is given in respect of their non-executive duties
from either NV or PLC, such as annual incentives, share-based incentives or pension benefits.
The fee levels are benchmarked against those paid in other global companies based in Europe, excluding companies in the financial
sector. The level of their fees reflects their commitment and contribution to Unilever.
In 2007 the shareholders agreed to a total maximum limit of £2 000 000 (€3 000 000).
Non-Executive Directors’ remuneration
The total fees payable to each Non-Executive Director in 2008 are set out below:
Total fees paid Total fees paid
in 2008(a) in 2007(a)
Non-Executive Directors €’000 €’000
Michael Treschow(b) 663 469(c)
Geneviève Berger 42(d) 60(c)
Leon Brittan 101 97
Wim Dik 93 92
Charles Golden 118 134
Byron Grote 91 90
Narayana Murthy 98 97(c)
Hixonia Nyasulu 118 82(c)
David Simon 129 131
Kees Storm 112 113
Jeroen van der Veer 87 90
(a) Covers fees and allowances received from both NV in euros (50%) and PLC in Sterling (50%). Includes fees for intercontinental travel if
applicable.
(b) Chairman NV and PLC since the 2007 AGMs.
(c) Appointed in 2007. The 2007 fee therefore only represents the period June – December 2007.
(d) Stepped down as Non-Executive Director on becoming a member of the Unilever Executive Team as from 1 July 2008.
The fees paid in 2008 reflect the period January – May 2008.
Please see pages 18 and 19 for details of committee memberships.
Figures for amounts in sterling have been translated into euros using the average exchange rate over the year €1=£0.7880 (2007:
€1=£0.6822).