Report on directors' remuneration
The board presents its report on directors' remuneration to shareholders. This report complies with Schedule 8 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 and was approved by the board of directors on 10 March 2010.
The committee believes that the company has complied with the provisions regarding remuneration matters contained within the UK Combined Code.
We will put a resolution to shareholders at the Annual General Meeting (AGM) on 30 April 2010 inviting them to consider and approve this report.
- The personnel committee
- Summary of policy changes in 2009
- Remuneration policy
- Main elements of remuneration
- Benchmarking
- Base salary
- Allowances and benefits
- Annual incentives
- Bonus share matching
- Long-term incentives
- All-employee share plans
- Dilution and use of equity
- Shareholding of executive directors
- Service agreements
- Retirement benefits
- Executive directors' non-executive directorships
- Chairman's remuneration
- Non-executive directors
- Total shareholder return performance
- Items subject to audit
- Table 1: Remuneration of the directors
- Table 2: Directors' pensions and other pension-related items
- Table 3: Interests of directors
- Table 4: Movements in directors' interests in restricted shares
- Table 5: Movements in directors' interests in share options