7817 Annual Report 2009.qxd - Shire

118 Shire plc Annual Report and Accounts 2009Notes to the consolidated financial statements In millions of US dollars, except where indicated34 PRINCIPAL SUBSIDIARIES continuedSubsidiary/undertakingShire Properties USShire Regulatory Inc.Shire Supplies U.S. LLCShire US Holdings Inc.Shire US Inc.Shire US InvestmentsShire US Manufacturing Inc.Tanaud International BVTanaud Ireland Inc.TKT Argentina srlJerini AGJerini US, Inc.JPT Peptide Technologies, Inc.Jerini Ophthalmic Holding GmbHJerini Ophthalmic, Inc.Jerini Beteiligungen GmbHJerini Holding LimitedJerini Trading LimitedJurisdiction of incorporationUnited StatesUnited StatesUnited StatesUnited StatesUnited StatesUnited KingdomUnited StatesNetherlandsRepublic of IrelandArgentinaGermanyUnited StatesUnited StatesGermanyUnited StatesGermanyMaltaMalta35 AUDITORS’ REMUNERATIONThe ACR Committee reviews the scope and results of the audit and non-audit services, including tax advisory and compliance services, providedby the Group’s auditors, Deloitte LLP, the cost effectiveness and the independence and objectivity of the auditor. In recognition of the importanceof maintaining the independence of Deloitte LLP, a process for pre-approval has been in place since July 1, 2002 and has continued through to theend of the period covered by this Report.The following table provides an analysis of the amount paid to the Group’s auditors, Deloitte LLP, all fees having been pre-approved by the ACRCommittee:2009 2008Year to December 31, $’M $’MAudit fees (1) 3.4 4.5Audit-related fees (2) 0.2 0.4Tax fees (3) 0.3 0.5All other fees (4) — 0.2Total fees 3.9 5.6(1) Audit fees consisted of audit work only the Group’s auditors can reasonably be expected to perform, such as statutory audits.(2) Audit related fees consist of work generally only the Group’s auditors can reasonably be expected to perform, such as procedures relating to regulatory filings.(3) Tax fees consisted principally of assistance with matters related to compliance, planning and advice in various tax jurisdictions.(4) All other fees in 2008 relate to independent advice provided to the remuneration committee on executive remuneration. Advice provided to the Remuneration Committee related tothe structure, form and operation of incentives for employees, including the provision of benchmark data against comparable companies. Neither this assistance to the RemunerationCommittee, nor any other non-audit work performed by the Group’s auditors, Deloitte LLP, involved Deloitte LLP acting, temporarily or permanently, as a Director, officer, or employeeof Shire, or performing any decision-making, supervisory, or ongoing monitoring functions.36 AGGREGATE DIRECTORS’ REMUNERATIONThe following table gives details of the aggregate remuneration paid to Executive Directors and Non-Executive Directors including the value of theexercise of options, SAR Awards and vesting of PSA Awards:2009 2008$’000 $’000Emoluments 5,508 6,609Money purchase pension contributions 674 696Sub-total of annual emoluments 6,182 7,305Other income arising from release/exercise of long-term incentives (1)Gains on exercise of share options and SAR Awards and release of PSA Awards 22,448 304Gains on the release of LTIP Awards 1,904 2,530Total emoluments and other income arising from long-term incentives (2) 30,534 10,139(1) Includes the value of shares that were released under long-term plans and gains realised in these years.(2) For the purpose of this table amounts denominated in Pounds sterling have been converted to US dollar amounts at the average exchange rate for the year ended December 31, 2009of £1:$1.5647 and for 2008 of £1: $1.8542.