BRITISH TOURIST AUTHORITY TRADING AS VISITBRITAIN ...

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VisitBritain and VisitEngland Annual report and financial statements for the year ended 31 st March 2010 Remuneration Report (The figures for the Remuneration Report of the Board and senior executives are within the scope of the Comptroller and Auditor General’s audit opinion on the accounts) INTRODUCTION The information in this report relates to the Chief Executive (Accounting Officer) and Senior Executives of VisitBritain including the Chief Executive of VisitEngland and also includes details of the remuneration of the VisitBritain and VisitEngland Board Members. The purpose of Remuneration Committee is to: To assist the Chairmen of VisitBritain and VisitEngland in assessing the performance of their Chief Executives against their objectives; To make recommendations each year to the Board of the VisitBritain on the level of pay increase and bonus which they should receive; To assist and advise the Chief Executives in assessing the performance of the Directors each year in order to determine their pay increases and bonuses; and To consider any matters relating to employees’ conditions of service, remuneration and related matters as the Chief Executives or Boards may refer to it. Membership The Committee consists of four members drawn from the Boards of VisitBritain and VisitEngland, including the Chairman of VisitBritain, who are appointed by the VisitBritain Board. The Committee elects its own Chairman and the quorum of the Committee is three including the Chairman of VisitBritain and the Chairman of the Committee (the Committee is currently chaired by the Chairman of VisitBritain). The Chief Executives, Director of Business Services and the Head of People and Performance attend meetings as required and the Secretary to the Boards is the Secretary to the Committee.. No member of staff, including the Chief Executive, is present when his/her remuneration is being discussed The members of the Remuneration Committee are: Membership: Christopher Rodrigues, CBE (Chairman of VisitBritain and the Remuneration Committee) Penelope, Viscountess Cobham Peter Lederer, CBE to 31 st March 2010 Alan Parker, CBE to 31 st March 2010 Secretary: Ros Carey Remuneration Policy for Executives Under the terms of the Development of Tourism Act, 1969 and the Financial Memorandum, the conditions of service that the VisitBritain offers to its staff, and its pay award scheme, must be approved by the Department for Culture, Media and Sport (DCMS). DCMS must, in turn, obtain Treasury approval before agreeing the pay award framework each year. Increasingly, Treasury insists that pay awards should be performance driven. The arrangements for the Chief Executive of VisitBritain are slightly different from those that apply to the Chief Executive of VisitEngland, the Directors and the rest of the staff but the same principles apply. Performance Assessment and Payment Performance objectives are mutually agreed at the beginning of the financial year. These consist of a mix of hard numerical / factual objectives, certain behavioral objectives (core competencies) and are similar to those for other staff. (See section 7 – Staff) These objectives are then monitored and measured throughout the year with a half yearly and final review when a performance rating is agreed. 22
VisitBritain and VisitEngland Annual report and financial statements for the year ended 31 st March 2010 Remuneration Report (continued) Remuneration of Boards and Senior Executives During the year, the Chairmen and Board Members of VisitBritain and VisitEngland were eligible for an increase of 1.5% with effect from 1 st April 2009. Mindful of the constraints on funding, the Chairmen and Members of both Boards were unanimous in their decision to waive their entitlement to this increase and their remuneration was held at the previous year’s levels. VisitBritain Board Members’ remuneration: 23 Remuneration 2009/10 £ Remuneration 2008/09 £ Christopher Rodrigues, CBE (Chairman) 49,090 49,090 Penelope, Viscountess Cobham* Nil 22,560 Ieuan Evans, MBE Nil Nil Janis Kong, OBE 9,435 9,435 Peter Lederer, CBE Nil Nil The Rt Hon Helen Liddell (Appointed 15 th March 2010) 444 Nil John Lindquist (Appointed 15 th March 2010) 444 Nil Sir Moir Lockhead, OBE 9,435 9,435 Kumar Muthalagappan, OBE (Retired 28 th February 2010) 8,649 9,435 Alan Parker, CBE 9,435 9,435 86,932 109,390 Pensions to former Chairmen** 25,403 23,679 Total remuneration 112,335 133,069 * Penelope, Viscountess Cobham resigned as Deputy Chairman of the VisitBritain Board on 31 st March 2009 in order to take up her appointment as Chairman of the VisitEngland Board on 1 st April 2009, in which capacity she is an ex officio member of the VisitBritain Board. **The Chairmen’s pension benefits, which are unfunded, are provided through a modification of the British Tourist Boards’ Pension Scheme and are paid directly from VisitBritain’s own funds. This benefit to former Chairmen has now been withdrawn.
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BRITISH TOURIST AUTHORITY TRADING AS VISITBRITAIN ...

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