Annual Report 2007 in PDF - Cairn Energy PLC

DIRECTORS’ REMUNERATION REPORT
CONTINUED
64 CAIRN ENERGY PLC ANNUAL REPORT 2007
Effective date Unexpired term Notice period
Non-executive letters of appointment
Norman Murray 19.02.06 11 months None
Hamish Grossart 19.02.06 11 months None
Ed Story 19.02.06 11 months None
Todd Hunt 14.05.06 13 months None
Mark Tyndall 10.10.06 18 months None
Andrew Shilston 08.11.07 31 months None
Certain of the Company’s executive directors serve as non-executive directors on the boards of other companies and are
permitted to retain the fees relating to those positions. Details of the positions held and the fees receivable are set out in the
table below.
Position held Fees (2007)
Executive Director
Sir Bill Gammell Non-executive director, Artemis AiM VCT plc £12,500
Malcolm Thoms Non-executive director, Revus Energy AS £25,542 (1)
Phil Tracy Non-executive director, Vienco Group Limited £18,000
The Board believes, in principle, in the benefits of executive directors accepting positions as non-executive directors of other
companies in order to widen their skills and knowledge for the benefit of the Company, provided that the time commitments are
not unduly onerous.
The appointment of any executive director to a non-executive position with another company must be approved by the Board.
In the case of a proposed appointment to a company within the oil and gas industry, permission will only be given if the two
companies do not compete in the same geographical area.
Note:
(1) Payable partly in cash and partly in shares.