Directors' remuneration report
Directors' remuneration during the year
| (note 1) | (note 2) | (note 3) | (note 4) | |||||
|---|---|---|---|---|---|---|---|---|
| Salary and fees £’000 |
Salary supplements £’000 |
Total salary, fees and supplements £’000 |
Bonus £’000 |
Deferred share bonus £’000 |
Benefits in kind £’000 |
Total remuneration year to 31 March 2007 £’000 |
Total remuneration year to 31 March 2006 £’000 |
|
| Executive Directors | ||||||||
| P E Yea | 709 | 211 | 920 | 720 | 490 | 22 | 2,152 | 1,989 |
| S P Ball | 455 | 66 | 521 | 450 | 279 | 2 | 1,252 | 1,134 |
| M J Queen | 412 | – | 412 | 566 | 377 | 2 | 1,357 | 1,168 |
| Non-executive Directors | ||||||||
| Baroness Hogg | 260 | – | 260 | – | – | – | 260 | 260 |
| O H J Stocken | 103 | – | 103 | – | – | – | 103 | 90 |
| C J M Morin-Postel | 54 | – | 54 | – | – | – | 54 | 46 |
| F D Rosenkranz | 57 | – | 57 | – | – | – | 57 | 56 |
| Sir Robert Smith | 61 | – | 61 | – | – | – | 61 | 46 |
| F G Steingraber | 51 | – | 51 | – | – | – | 51 | 43 |
| R W A Swannell (from 1 September 2006) | 30 | – | 30 | – | – | – | 30 | – |
| Former Directors | ||||||||
| R W Perry (until 6 July 2005) |
– | – | – | – | – | – | – | 150 |
| Dr P Mihatsch (until 31 July 2006) |
17 | – | 17 | – | – | – | 17 | 43 |
| Total | 2,209 | 277 | 2,486 | 1,736 | 1,146 | 26 | 5,394 | 5,025 |
- Mr P E Yea and Mr S P Ball received salary supplements to enable them to make additional pension provision.
- Bonuses relate to the year to 31 March 2007 and are expected to be paid in June 2007.
- Deferred share bonuses relating to the year to 31 March 2007 will be paid in shares in the Company, deferred for two years.
- "Benefits in kind" were company car (Mr P E Yea) and health insurance (Mr P E Yea, Mr S P Ball and Mr M J Queen).
- In addition to the salaries and fees disclosed, executive Directors retained fees from outside directorships as follows: Mr P E Yea, £95,000 (Vodafone Group plc); Mr S P Ball, £59,583 (Cable & Wireless plc); and Mr M J Queen, £54,249 (Northern Rock plc).
- Amounts payable to former Directors in respect of the year were as follows: Dr P Mihatsch, £45,608 (as Chairman of the Company's German Advisory Board); Mr R W Perry, £31,203 (consultancy); Mr M M Gagen, £2,868 (payments under interests in carried interest plans retained following cessation of employment); and Mr W J R Govett, £12,000 (as director of Gardens Pension Trustees Limited, a trustee of the 3i Group Pension Plan).