BP Annual Report and Form 20-F 2011 - Company Reporting

Parent company financial statements of BP p.l.c.13. Directors’ remuneration$ millionRemuneration of directors 2011 2010Total for all directorsEmoluments 10 15Gains made on the exercise of share options – 2Amounts awarded under incentive schemes 1 4EmolumentsThese amounts comprise fees paid to the non-executive chairman and the non-executive directors and, for executive directors, salary and benefits earnedduring the relevant financial year, plus bonuses awarded for the year. There was no compensation for loss of office in 2011 (2010 $3 million and 2009 nil).Pension contributionsDuring 2011, one executive director participated in a non-contributory pension scheme established for UK staff by a separate trust fund to whichcontributions are made by BP based on actuarial advice. Two US executive directors participated in the US BP Retirement Accumulation Plan during 2011.Office facilities for former chairmen and deputy chairmenIt is customary for the company to make available to former chairmen and deputy chairmen, who were previously employed executives, the use of officeand basic secretarial facilities following their retirement. The cost involved in doing so is not significant.Further informationFull details of individual directors’ remuneration are given in the directors’ remuneration report on pages 139 to 151.The parent company financial statements of BP p.l.c. on pages PC1 – PC14 do not form part of BP’s Annual Report on Form 20-F as filed with the SEC.PC14 BP Annual Report and Form 20-F 2011