Unilever 2015 Annual Report Download - page 46

The followng sets out how Unlever’s Remuneraton Polcy, to be found at wwwunlevercom/ara2015/downloads, was mplemented n 2015
Further detals of remuneraton can be found on pages 66 to 83 of the overnance and Fnancal Report
SINLE FIURE OF REMUNERATION IN 2015 FOR EXEUTIVE DIRETORS (AUDITED)
The table below shows a sngle fgure of remuneraton for each of our Executve Drectors, for the years 2014 and 2015
Base salary and fxed allowance are set n sterlng and reman
unchanged from 2014 through 2015, please read the notes below
the table for more nformaton
Paul Polman
EO (UK)
(’000)
Jean-Marc Hut
FO (UK)
(’000)
2015 2014 2015 (a) 2014
(A) Base salary (b) 1,392 1,251 738 885
(B) Fxed allowances and other benefts (c) 901 787 273 377
() Annual bonus 2,573 1,652 812 778
Long-term ncentves (D) MIP matchng shares – (requred by UK law) 1,972 1,803 382 370
(E) SIP performance shares – (requred by UK law) 3,404 3,923 1,820 3,022
Long-term ncentves (sub-total) 5,376 5,726 2,202 3,392
(F) ondtonal supplemental penson (d) 161 145 n/a n/a
Total remuneraton pad – (requred by UK law) (A+B++D+E+F) 10,403 9,561 4,025 5,432
() Share awards (requred by Dutch law) (e) 3,274 4,206 573 2,249
Total remuneraton pad – (requred by Dutch law) (A+B++F+) 8,301 8,041 2,396 4,289
Where relevant, amounts for 2015 have been translated nto euros usng the average exchange rate over 2015 (1 = £07254) Amounts for
2014 have been translated nto euros usng the average exchange rate over 2014 (1 = £08071), excludng amounts n respect of MIP and
SIP whch have been translated nto euros usng the exchange rate at vestng date of 17 February 2015 (1 = £07383)
(a) The 2015 fgures relate to amounts pad or payable to Jean-Marc Hut for hs servces between 1 January 2015 and 1 October 2015, the date that Jean-Marc Hut
ceased to be FO and an Executve Drector of Unlever Detals regardng hs leavng arrangements can be found on page 78 of the overnance and Fnancal Report
(b) Salary set n sterlng and pad n 2015 EO – £1,010,000 and FO – £535,500
(c) Includes the fxed allowance, medcal nsurance cover and actual tax return preparaton costs, provson of death-n-servce benefts and admnstraton, and
payment to protect aganst dfferences between employee socal securty oblgatons n country of resdence versus UK (not applcable to Jean-Marc Hut)
(d) ondtonal supplemental penson provson agreed wth Paul Polman on hrng, whch s condtonal on hs remanng n employment wth Unlever to age 60 and
subsequently retrng from actve servce or hs death or total dsablty pror to retrement Ths was £117,123, based on 12% of a capped salary of £976,028 for 2015
(e) As per the Dutch requrements, these costs are non-cash costs and relate to the expenses recognsed for the perod followng IFRS 2 Ths s based on share
prces on grant dates, a 98% adustment factor for SIP shares and MIP matchng shares awarded n 2015, 2014 and 2013
SINLE FIURE OF REMUNERATION IN 2015 FOR NONEXEUTIVE DIRETORS (AUDITED)
The table below shows a sngle fgure of remuneraton for each of our Non-Executve Drectors, for the years 2014 and 2015
2015 2014
Non-Executve Drector
Fees(a)
’000
Benefts(b)
’000
Total
remuneraton
’000
Fees(a)
’000
Benefts(b)
’000
Total
remuneraton
’000
Mchael Treschow(c) 732 2734 654 3657
Nls Andersen 75 479 n/a n/a n/a
Laura ha 122 –122 101 –101
Vttoro olao 57 –57 n/a n/a n/a
Louse Fresco(d) 126 –126 113 –113
Ann Fudge(e) 149 –149 101 11 112
harles olden(f) n/a n/a n/a 42 –42
Byron rote(g) 47 –47 125 –125
Judth Hartmann 80 –80 n/a n/a n/a
Mary Ma 120 –120 107 –107
Hxona Nyasulu 120 –120 107 –107
Sr Malcolm Rfknd(g) 38 –38 101 –101
John Rshton(h) 133 –133 107 –107
Feke Sbesma() 126 1127 15 116
Kees Storm(g) 73 –73 196 3199
Paul Walsh(g) 42 –42 113 2115
Total 2,040 72,047 1,882 20 1,902
(a) Ths ncludes fees receved from NV n euros and PL n sterlng for 2014
and 2015 respectvely Includes basc Non-Executve Drector fee and
ommttee charmanshp and/or membershp
(b) The only beneft receved relates to travel by spouses or partners where
they are nvted by Unlever
(c) harman
(d) har, orporate Responsblty ommttee
(e) Vce-harman and har of the ompensaton ommttee
(f) hose not to put hmself forward for re-electon at the May 2014 AMs
(g) hose not to put hmself forward for re-electon at the Aprl 2015 AMs
(h) har, Audt ommttee
() har, Nomnatng and orporate overnance ommttee
43Unilever Annual Report and Accounts 2015 Strategic Report