20645_Scapa_AR_160504

CORPORATE GOVERNANCE
HISTORICAL CHIEF EXECUTIVE REMUNERATION
The table below summarises the Chief Executive single figure for total remuneration outcomes over the last five years:
H R Chae 2012 2013 2014 2015 2016
Chief Executive single figure of remuneration (£) 598,288 993,945 1,169,004 854,681 3,226,361
Annual bonus payout (% of maximum opportunity) 66% 76% 100% 100% 100%
LTIP vesting (% maximum opportunity) n/a 100% 0% 0% 100%
DIRECTORS’ SERVICE CONTRACTS
The following table sets out the details of the service contracts and letters of appointment for the Directors who were in office during the year
under review:
Director
Effective date of service
contract/letter of appointment
Unexpired term at
31 March 2016 Notice period
Executive Directors
H R Chae 7 September 2009 – 12 months
P Edwards 20 September 2010 – 12 months by Company
6 months by Mr Edwards
G S Hardcastle 1 February 2016 – 6 months
Non-Executive Directors
J A S Wallace 30 August 2007 2 years, 0 months 12 months
R J Perry 2 June 2005 1 year, 0 months 1 month
M C Buzzacott 1 March 2008 11 months 3 months
M T Sawkins 1 January 2015 2 years, 4 months 3 months
STATEMENT OF SHAREHOLDER VOTING
The results of the vote on the Remuneration report at the Company’s 2015 AGM are set out in the table below:
Votes cast Votes for Votes against Votes withheld
Number Number % Number % Number
82,706,202 79,891,016 96.60% 2,815,186 3.40% 13,762,605
RELATIVE IMPORTANCE OF SPEND ON PAY
The table below sets out the actual expenditure of the Company and difference in spend in 2015 and 2016 on total pay costs of the Group’s
employees, trading profit before income tax and distributions to shareholders:
For the year to
31 March 2016
£m
For the year to
31 March 2015
£m % change
Total employee pay 64.3 59.6 7.9%
Trading profit 21.3 18.6 14.5%
Dividend 2.2 1.5 46.7%
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ANNUAL REPORT AND ACCOUNTS 2016 SCAPA GROUP PLC