Annual Report & Accounts 2012 - Euromoney Institutional Investor ...

Euromoney Institutional Investor PLC Annual Report and Accounts 2012
www.euromoneyplc.com
Information subject to audit (pages 47 to 51)
Directors’ remuneration table
Salary
and fees 1
2012
£
Benefits
in kind
2012
£
Year to September 30
Executive directors
PM Fallon (died October 14 2012) 222,000 1,823 5,636,600 5,860,423 5,354,630
PR Ensor 3 198,418 1,019 4,630,646 4,830,083 4,396,681
NF Osborn 4,5 132,559 1,019 313,407 446,985 509,539
DC Cohen 2 123,628 1,274 348,796 473,698 536,539
CR Jones 2 258,000 1,274 643,278 902,552 811,508
SM Brady (resigned November 15 2010) – – – – 17,040
DE Alfano 138,994 8,367 636,808 784,169 770,737
CHC Fordham 151,300 1,274 743,792 896,366 782,953
JL Wilkinson 231,002 8,527 146,301 385,830 541,218
B AL-Rehany 260,662 1,908 752,127 1,014,697 935,295
Non-executive directors
The Viscount Rothermere 28,000 – – 28,000 28,000
Sir Patrick Sergeant 28,000 – – 28,000 28,000
JC Botts 34,500 – – 34,500 34,500
JC Gonzalez 28,000 – – 28,000 28,000
MWH Morgan 28,000 – – 28,000 28,000
DP Pritchard 34,500 – – 34,500 34,500
1,897,563 26,485 13,851,755 15,775,803 14,837,140
Fees as a director include fees paid as a director of subsidiary companies. Benefits in kind include payments by the company for private health care.
1. The salaries of the executive directors are reviewed in April each year. None of the directors received a salary increase in April 2012. The increases in salaries since the
2011 annual report reflect the full year impact of salary increases granted in April 2011, and in the case of overseas directors also reflect movements in exchange rates
over the relevant periods.
2. The salaries of DC Cohen and CR Jones include amounts of £7,928 and £18,000, respectively, following their decisions to cease contributions to the Harmsworth
Pension Scheme with respect from April 2012 and to receive a cash allowance of 15% of base salary in lieu of company contributions to this fund.
3. PR Ensor is also an external member of the Finance Committee of Oxford University Press. During the year he retained earnings of £20,000 (2011: £20,000) in relation
to this role. This amount is not included in the table above.
4. NF Osborn has waived £8,674 of profit share in respect of the current and future years. The profit share waived was paid into a private pension scheme on his behalf.
The waiver has not been deducted from his profit share amount above.
5. NF Osborn is a non-executive director of RBC OJSC, a Moscow-listed media company. During the year he retained earnings of US$50,000 (2011: US$25,000) in relation
to this role. He also serves on the management board of A&N International Media Limited, a fellow group company, for which he received fees for the year of £25,000
(2011: £25,000); and as an advisor to the boards of both DMG Events and dmgi, fellow group companies, for which he received a combined fee of US$45,000 (2011:
US$40,000). These amounts are not included in the table above.
Profit
share
2012
£
Total
2012
£
Total
2011
£
Directors’ Remuneration Report
Company Accounts Group Accounts Our Governance
Our Performance
47