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80 Unilever Annual Report and Accounts 2012Report of the Directors overnance
DIRETORS’ REMUNERATION REPORT continued
Executve Drectors’ nterests n shares (audited)
Share type(a) Shares held at 1 January 2012(b) Shares held at 31 December 2012(b)
Paul Polman NV 173,401 234,291
PL 131,481 192,371
Jean-Marc Huët NV 38,769 52,921
PL 38,769 52,921
(a) NV shares are ordinary €0.16 shares and PLC shares are ordinary 31⁄9p shares.
(b) Numbers exclude awards and options over shares which are disclosed above.
The table shows the interest in NV and PLC ordinary shares of Executive Directors and their connected persons as at 31 December
2012. On 18 February 2013 Paul Polman and Jean-Marc Huët invested 60% and 25% respectively of their annual bonus earned in 2012
and paid in 2013 in the MCIP. This resulted in 22,999 NV and 22,999 PLC investment shares for Paul Polman and 5,157 NV and 5,157 PLC
investment shares for Jean-Marc Huët. They each received a corresponding award of performance-related NV and PLC shares under
the terms of the MCIP.
The voting rights of the Directors who hold interests in the share capital of NV and PLC are the same as for other holders of the class
of shares indicated. None of the Directors’ (Executive and Non-Executive) or other executive officers’ shareholdings amounts to more
than 1% of the issued shares in that class of share. Except as stated above, all shareholdings are beneficial.
Non-Executve Drectors’ remuneraton n 2012 (audited)
Non-Executve Drectors
Total fees
pad n
2012(a)
’000
Total fees
paid in
2011
€ ’000
Michael Treschow(b) 659(c) 635
Louise Fresco 108 87
Ann Fudge 139 113
Charles Golden 133 113
Byron Grote(d) 128 87
Sunil Bharti Mittal 96 59
Hixonia Nyasulu 127 113
Kees Storm(e) 203 160
Sir Malcolm Rifkind(f) 119 97
Paul Walsh(g) 143 94
Former Drector
Jeroen van der Veer(h) –75
Total 1,855 1,633
(a) Covers fees received from both NV in euros and PLC in sterling. Includes basic Non-Executive fee and committee chairmanship and/or membership.
In moving to the new modular fee structure on 1 January 2012, the intercontinental travel allowance was discontinued. Ann Fudge, Charles Golden
and Hixonia Nyasulu received a one-time payment of £10,000 each to compensate for the removal of this allowance.
(b) Chairman.
(c) This does not include the one-time Dutch crisis tax charge to which Dutch-based companies like Unilever N.V. are subject to of 16% on the portion
of directors’ 2012 fees exceeding €150,000 from current appointment that is taxable in the Netherlands. The tax charge for Unilever N.V. with respect
to the Chairman is €26,751.
(d) Chairman of Audit Committee.
(e) Vice Chairman.
(f) Chairman of Corporate Responsibility Committee.
(g) Chairman of Compensation and Management Resources Committee & Nominating and Corporate Governance Committee.
(h) Retired at AGMs in 2011.
We do not grant our Non-Executive Directors any personal loans or guarantees.