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Audited information<br />
Remuneration for <strong>the</strong> year ended 31 March 2008<br />
The remuneration of current executive directors (1) receiving remuneration during <strong>the</strong> year ended 31 March 2008 was as follows:<br />
Incentive Cash in<br />
Salary/fees schemes (2) lieu of pension Benefits Total<br />
2008 2007 2008 2007 2008 2007 2008 2007 2008 2007<br />
£’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000<br />
Chief Executive<br />
Arun Sarin<br />
Executive directors<br />
1,310 1,272 2,130 1,928 – – 155 49 3,595 3,249<br />
Vittorio Colao 830 383 1,291 500 249 115 594 58 2,964 1,056<br />
Andy Halford 632 592 1,027 897 156 145 31 56 1,846 1,690<br />
Total 2,772 2,247 4,448 3,325 405 260 780 163 8,405 5,995<br />
Notes:<br />
(1) Former executive director, Thomas Geitner, received <strong>the</strong> final payments under his compromise agreement during <strong>the</strong> year ended 31 March 2008. These included cash payments of £287,000 and<br />
benefit costs of £1,000. These payments were disclosed within <strong>the</strong> total compensation costs for Thomas Geitner in <strong>the</strong> 2007 Annual Report. The payments were staggered, and conditional on not<br />
joining a competitor.<br />
(2) These figures are <strong>the</strong> cash payouts from <strong>the</strong> 2008 financial year <strong>Vodafone</strong> Group Short Term Incentive Plan applicable to <strong>the</strong> year ended 31 March 2008. These awards are in relation to <strong>the</strong><br />
performance against targets in adjusted operating profit, service revenue, free cash flow, total communications revenue and customer delight for <strong>the</strong> financial year ended 31 March 2008.<br />
The remuneration of <strong>the</strong> non-executive directors serving during <strong>the</strong> year (1) ended 31 March 2008 was as follows:<br />
Salary/fees Benefits Total<br />
2008 2007 2008 2007 2008 2007<br />
£’000 £’000 £’000 £’000 £’000 £’000<br />
Chairman<br />
Sir John Bond<br />
Deputy Chairman<br />
540 363 13 11 553 374<br />
John Buchanan<br />
Non-executive directors<br />
145 119 10 15 155 134<br />
Dr Michael Boskin 166 139 12 – 178 139<br />
Lord Broers 35 95 – 14 35 109<br />
Anne Lauvergeon 105 95 – – 105 95<br />
Professor Jürgen Schrempp 105 95 – – 105 95<br />
Luc Vandevelde 125 110 10 1 135 111<br />
Philip Yea 105 95 – – 105 95<br />
Anthony Watson 105 87 8 – 113 87<br />
Nick Land 105 32 10 – 115 32<br />
Alan Jebson 135 32 12 – 147 32<br />
Simon Murray 79 – – – 79 –<br />
Total 1,750 1,262 75 41 1,825 1,303<br />
Note:<br />
(1) Former non-executive director, Lord MacLaurin, received consulting fees of £125,000 during <strong>the</strong> year, toge<strong>the</strong>r with continued benefits valued at £34,000 from his previous arrangements.<br />
The aggregate remuneration paid by <strong>the</strong> Company to its collective senior management (1) for services for <strong>the</strong> year ended 31 March 2008, is set out below. The<br />
aggregate number of senior management at 31 March 2008 was seven, one fewer than at 31 March 2007.<br />
2008 2007<br />
£’000 £’000<br />
Salaries and fees 3,255 3,817<br />
Incentive schemes (2) 4,964 4,752<br />
Cash in lieu of pension 279 248<br />
Benefits/O<strong>the</strong>r 1,713 6,980<br />
Total 10,211 15,797<br />
Notes:<br />
(1) Aggregate remuneration for senior management is in respect of those individuals who were members of <strong>the</strong> Executive Committee during <strong>the</strong> year ended 31 March 2008, o<strong>the</strong>r than executive<br />
directors, and reflects compensation paid from ei<strong>the</strong>r 31 March 2007 or date of appointment to <strong>the</strong> Executive Committee, to 31 March 2008 or date of leaving, where applicable.<br />
(2) Comprises <strong>the</strong> incentive scheme information for senior management on an equivalent basis to that disclosed for directors in <strong>the</strong> table at <strong>the</strong> top of this page. Details of share incentives awarded<br />
to directors and senior management are included in footnotes to “Medium term incentives” and “Long term incentives” on pages 78 and 79.<br />
<strong>Vodafone</strong> Group Plc Annual Report 2008 77