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• Director's emoluments

Directors' remuneration report

Directors' emoluments

The directors' emoluments are analysed as follows:

2008									2007
			Annual Performance Related Award plan (APRA)
	Basic salaries £000	Board and committee fees £000	Cash bonus £000	Deferred shares1 £000	Total APRA £000	Pension payments2 £000	Taxable benefits3 £000	Aggregate emoluments excluding pensions contributions4 £000	Aggregate emoluments excluding pensions contributions4 £000
James Guyette5	413	—	116	58	174	—	36	623	572
Sir John Rose	842	—	255	128	383	—	28	1,253	1,262
Andrew Shilston	543	—	140	70	210	—	15	768	784
Colin Smith	384	—	100	50	150	96	11	641	622
Mike Terrett	493	—	130	65	195	123	113	924	395
Helen Alexander CBE	—	63	—	—	—	—	—	63	18
Peter Byrom	—	55	—	—	—	—	—	55	71
Iain Conn	—	65	—	—	—	—	—	65	57
Professor Peter Gregson	—	55	—	—	—	—	—	55	46
Dr John McAdam6	—	48	—	—	—	—	—	48	—
John Neill CBE7	—	7	—	—	—	—	—	7	—
John Rishton	—	70	—	—	—	—	—	70	50
Simon Robertson	—	367	—	—	—	—	—	367	330
Ian Strachan	—	59	—	—	—	—	—	59	54
Carl Symon8	—	24	—	—	—	—	—	24	66
Former director's who did not serve during the 2008 financial year	—	—	—	—	—	—	—	—	661
	2,675	813	741	371	1,112	219	203	5,022	4,988

¹ Shares forming part of the bonus under APRA have been valued at the date of award. An investment is expected to be made by March 31, 2009 when the trustee will acquire the required number of shares at the prevailing market price.

² Colin Smith and Mike Terrett received cash allowances in lieu of future pension accrual.

³ Taxable benefits include the following: company car or car allowance, private medical insurance and financial counselling, and in the case of James Guyette, a housing allowance and appropriate club membership fees. In the case of Mike Terrett, the figure in the above table includes housing costs paid on his behalf and the tax charge on that benefit paid by the Company.

⁴ Details of the directors' pensions are set out on the pension section.

⁵ James Guyette was paid in US dollars translated at $1.854 = £1.

⁶ Dr John Mc Adam was appointed as a non-executive director with effect from February 19, 2008.

⁷ John Neill CBE was appointed as a non-executive director with effect from November 13, 2008.

⁸ Carl Symon retired as a non-executive director with effect from May 7, 2008.