Unilever 2013 Annual Report Download - page 85

OTHER DISLOSURES RELATED TO DIRETORS’
REMUNERATION
SERVIN AS A NONEXEUTIVE ON THE BOARD OF
ANOTHER OMPANY
Executve Drectors servng as non-executve drectors on the
boards of other companes are permtted to retan all
remuneraton and fees earned from outsde drectorshps subect
to a maxmum of one outsde lsted drectorshp (see Outsde
Appontments on page 45 for further detals)
Paul Polman s a non-executve drector of The Dow hemcal
ompany and receved an annual fee of 86,773 (US $115,000
based on the average exchange rate over the year 1 = US
$13253) In addton, he receved a restrcted award of 3,920
ordnary shares wth a nomnal value of US $250 per share n the
captal of The Dow hemcal ompany The shares nclude the
rghts to vote and to receve dvdends thereon The shares cannot
be sold or transferred untl Paul Polman leaves the board of
drectors of The Dow hemcal ompany, and n any case not
earler than 10 May 2015 Paul Polman elected to defer hs 2013
annual fee nto a deferral programme of The Dow hemcal
ompany Ths programme allows non-executve drectors at the
end of the year to defer the annual fees for the followng year At
the tme of enrolment, the non-executve drector decdes when
he wants to receve the fees (upon leavng or a specfed year n
the future) The funds are hypothetcally nvested accordng to the
non-executve drector’s nvestment electons
Jean-Marc Hut s a non-executve drector of Delta Topco
Lmted and receved an annual fee of 181,091 (US $240,000,
ncludng fees of 45,273 (US $60,000) each for membershp of
the Audt & Ethcs ommttee and the Nomnaton ommttee)
FIVEYEAR HISTORIAL TOTAL SHAREHOLDER RETURN
(TSR) PERFORMANE
The table below ncludes
• growth n the value of a hypothetcal £100 holdng over fve
years’ FTSE 100 comparson based on 30-tradng-day average
values and
• growth n the value of a hypothetcal 100 nvestment over fve
years’ AEX comparson based on 30-tradng-day average
values
The ommttee has decded to show Unlever’s performance
aganst the FTSE 100 Index, London and also the Euronext 100
ndex (AEX), Amsterdam as these are the most relevant ndces n
the UK and the Netherlands where we have our prncpal lstngs
Unlever s a consttuent of both these ndces
Unilever NV Unilever PLC FTSE 100 AEX
Value of hypothetical £/ holding
Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013
100
120
140
160
180
200
EO SINLE FIURE FIVEYEAR HISTORY
The table below shows the fve-year hstory of the EO sngle
fgure of total remuneraton
2009 2010 2011 2012 2013
EO
Sngle fgure of total
remuneraton ( ‘000) 3,859 6,292 6,010 7,852 7,740
Annual bonus award rates
aganst maxmum
opportunty 82% 80% 68% 100% 78%
SIP performance shares
vestng rates aganst
maxmum opportunty n/a 47% 44% 55% 64%
Share Matchng
Plan vestng rates aganst
maxmum opportunty*100% 100% n/a n/a n/a
* Shown n year of award
PERENTAE HANE IN REMUNERATION OF DIRETOR
UNDERTAKIN THE ROLE OF HIEF EXEUTIVE OFFIER
The table below shows the percentage change from 2012 to 2013
for base salary, bonus and benefts (excludng penson) for both
the EO and all UK and Dutch management n Unlever The
subset of UK and Dutch management has been used as a far
representaton of our dual lstng status
% change from 2012 to 2013 Salary Bonus(b)
Benefts
(not
ncludng
penson)
EO(a) 17% -225% 94%
UK and Dutch management 27% -268% 50%
(a) alculated usng the data from the Executve Drectors sngle fgure table
on page 73
(b) The change n level of bonus from 2012 to 2013 for both the EO and our UK
and Dutch management subset s due to exceptonal results n 2012
uplftng the bonus compared wth a sold year n 2013
RELATIVE IMPORTANE OF SPEND ON PAY
The chart below shows the relatve spend on pay compared wth
dvdends pad to Unlever shareholders and core earnngs ore
earnngs represent the net proft attrbutable to Unlever
shareholders, adusted for non-core tems Over tme, core
earnngs and core earnngs growth provde a good reference pont
to compare spend on pay
RELATIVE IMPORTANCE OF SPEND ON PAY
Core earnings (€m)1Dividends paid to Unilever
Shareholders (€m)
Total staff costs (€m)
3.4%
10.6%
-1.7%
2012 (Restated) 2013
€0m
€1,000m
€2,000m
€3,000m
€4,000m
€5,000m
€6,000m
€7,000m
1 In calculating core earnings, net profit attributable to shareholders’
equity is adjusted to eliminate the post tax impact of non-core items.
Refer to note 7, and the table titled “Calculation of core earnings” on
page 108 for reconciliation of core earnings to net profit attributable to
shareholders’ equity.
82 Unlever Annual Report and Accounts 2013overnance
DIRETORS’ REMUNERATION
REPORT ONTINUED