ANNUAL REPORT AND FINANCIAL STATEMENTS 2012 | 37


Statement on Directors’ remuneration (audited) The remuneration of the Executive Chairman and the other Directors who held office during the year ended 31 December 2012 is set out in the table below:


Salary


and fees 2012 £000


Executive Directors Alain Grisay(1) David Logan


Richard Wilson(2)


Executive Chairman and Non-executive Directors Edward Bramson (Executive Chairman) Keith Bedell-Pearce* Ian Brindle Keith Jones Jeff Medlock


Derham O’Neill Keith Percy


Kieran Poynter* Total


Retired from the Board in May 2012. (2) Appointed to the Board in December 2012. During 2012 Edward Bramson’s fees were paid to Sherborne. No other sums were paid to third parties in respect of any Director’s services.


The Company received £nil (2011: £nil) in fees payable to Executive Directors in respect of any external directorships held. No Executive Director receives any fees in respect of external appointments.


Statement on Directors’ pensions (audited) The number of Directors who held office during the year and to whom retirement benefits are accruing is set out below:


2012 Members of money purchase pension scheme


Company contributions paid to money purchase pension schemes: Alain Grisay David Logan


Richard Wilson (from date of appointment)


Number 3


2012 £000


158 41 3


2011


Number 2


2011 £000


22 40 –


During the year, the Company paid a widow’s pension of £9,000 (2011: £102,000) in respect of the pension benefits which had accrued to a former Chairman and £125,000 (2011: £116,000) to Mr Jenkins, a former Chairman of the Company.


No Directors were members of a defined benefit scheme during the year.


262 275 25


Benefits and


Bonus allowances 2012 £000


485 325 67


Total 2012


(excluding pension


2012 contribution) £000


16 2 –


£000


763 602 92


Total 2011


(excluding


contribution) £000


1,161 577 –


Pension


pension Contributions 2012 £000


158 41 3


Total 2012 £000


921 643 95


Total 2011 £000


1,183 617 –


150 –– 150 108 –– 108 60 –– 60 60 –– 60 60 –– 60 60 –– 60 70 –– 70 93 –– 93


1,223 877


* Served as members of the TRC Advisory Councils throughout 2011 and 2012. (1)


18 2,118


136 114 36 4


55 51 4


97 2,235


– – – – – – – –


202


150 108 60 60 60 60 70 93


2,320


136 114 36 4


55 51 4


97 2,297


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