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 |
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