Unilever 2012 Annual Report Download - page 78

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ABOUT UNILEVER GOVERNANCE FINANCIAL STATEMENTS SHAREHOLDER INFORMATION
75Unilever Annual Report and Accounts 2012 Report of the Directors overnance
Fve-year hstorcal Total Shareholder Return
(‘TSR’) performance
The table below includes:
• growth in the value of a hypothetical £100 holding over five
years FTSE 100 comparison based on 30-trading-day average
values; and
• growth in the value of a hypothetical €100 investment over five
years AEX comparison based on 30-trading-day average values.
The Committee has decided to show Unilever’s performance
against the FTSE 100 Index, London and also the Euronext 100
index (AEX), Amsterdam as these are the most relevant indices
in the UK and the Netherlands where we have our principal
listings. Unilever is a constituent of both of these indices.
omparng pay wth performance
The following chart shows a comparison of total pay for the role
of CEO and TSR performance of Unilever since Paul Polman was
appointed CEO in 1 January 2009.
The first award to the CEO under the GSIP following his
appointment was granted in 2008 and vested based on
performance to 31 December 2010.
Non-Executve Drectors
The policy for Non-Executive Directors’ fees is set out on
page 69. There were no fee increases to Non-Executive Director
fee levels for 2013.
The ompensaton and Management Resources
ommttee
During 2012 the Committee comprised four Non-Executive
Directors: Paul Walsh (Committee Chairman), Michael Treschow,
Ann Fudge and Kees Storm.
The Committee reviewed its Terms of Reference during the year.
To recognise its change in scope to include performance evaluation
of the ULE and leadership development of the ULE and Senior
Corporate Executives it resolved to change its name from the
Remuneration Committee to the Compensation and Management
Resources Committee with effect from 1 January 2013.
The Committee is concerned with:
• the remuneration policy for the ULE and senior corporate
executives;
• the remuneration and benefits of the Directors and other
members of the ULE;
• the design and terms of all long-term incentive plans;
• leadership development, especially of the ULE and senior
corporate executives; and
• performance evaluation of the members of the ULE.
The Committee’s revised Terms of Reference are contained within
‘The Governance of Unilever’, and are also set out on our website
www.unilever.com/investorrelations/corp_governance.
During the year, the Committee reviewed its own effectiveness
and concluded that it was broadly operating effectively.
Where appropriate, the Committee agreed steps to enhance
its effectiveness.