Non-executive directors' fees

Bottling AppletiseBrewery scenePilsener beer

Fees for the chairman and the other non-executive directors were not reviewed during the course of the year, having been reviewed in the previous year. The current annual rate of fees for the chairman is £120,000 in respect of his duties as chairman. The basic annual rate of fees for each other non-executive director is £37,500.

For membership of the audit, remuneration or corporate accountability and risk assurance (CARAC) committees over a full year, a non-executive director will receive a fee of £5,000; as chair of the audit, remuneration or CARAC committees a non-executive director will receive a fee of £6,000 over a full year. Membership of the nomination committee attracts no additional fees but the chair of that committee receives an additional £8,000.

As senior non-executive director, Lord Fellowes receives an additional fee for this role of £5,000 pa. The chairman is provided with access to an office, a secretary and a car.

The non-executive directors do not participate in any of the open incentive schemes, nor do they receive any other benefits or pension rights. Non-executive directors do not have service contracts.

Details of the non-executive directors' letters of appointment are noted below:

 
 
 
Director
 
Date
appointed
to the board
Date of
most recent
letter of
appointment
 
Date last
elected/
re-elected
Date
next due
for election/
re-election
GC Bible 01/08/02 27/09/02 30/07/03 July 06
LC Camilleri* 01/08/02 09/09/02 30/07/03 July 06
NJ De Lisi 01/08/02 09/09/02 30/07/03 July 06
Lord Fellowes 08/02/99 23/02/99 30/07/03 July 06
Ning Gaoning 10/10/01 24/12/01 31/07/02 July 05
JM Kahn 08/02/99 23/02/99 30/07/01 July 04
MJ Levett* 08/02/99 23/02/99 30/07/01 July 04
PJ Manser 01/06/01 20/06/01 30/07/01 July 04
MQ Morland 08/02/99 23/02/99 30/07/01 July 04
MC Ramaphosa 08/02/99 23/02/99 31/07/02 July 05
Lord Renwick of Clifton 08/02/99 23/02/99 30/07/03 July 06

*These directors not standing for re-election.

Back to top  back to top