BP 2014 Annual Report Download - page 92

Non-executive director interests
The figures below indicate and include all the beneficial and non-beneficial interests of each non-executive director of the company in shares of BP (or
calculated equivalents) that have been disclosed to the company under the DTRs as at the applicable dates.
Current non-executive directors
Ordinary shares
or equivalents at
1 Jan 2014
Ordinary shares
or equivalents at
31 Dec 2014
Change from
31 Dec 2014 to
23 Feb 2015
Ordinary shares
or equivalents
total at
23 Feb 2015
Value of
current
shareholding
% of policy
achieved
Paul Anderson 30,000a30,000a– 30,000a$206,100 139
Alan Boeckmannb–43,890
a–43,890 a$301,524 203
Admiral Frank Bowman 16,320a16,320a–16,320
a$112,118 76
Antony Burgmans 10,156 10,156 – 10,156 £45,194 50
Cynthia Carroll 10,500a10,500a–10,500
a$72,135 49
George David 579,000a579,000a– 579,000a$3,977,730 2,684
Ian Davis 11,4 49 22, 420 – 22,420 £9 9,769 111
Professor Dame Ann Dowling 22,320 22,320 – 22,320 £99,324 110
Brendan Nelson 11,0 40 11,0 4 0 – 11,04 0 £4 9,12 8 55
Phuthuma Nhleko –––––0
Andrew Shilston 15,000 15,000 – 15,000 £66,750 56
a Held as ADSs.
b Appointed on 24 July 2014.
Past directors
Sir Ian Prosser (who retired as a non-executive director of BP in April 2010) was appointed as a director and non-executive chairman of BP Pension
Trustees Limited on 1 October 2010. During 2014, he received £100,000 for this role.
Fee structure
The table below shows the fee structure for non-executive directors from
1 May 2014:
Fee level
£ thousand
Senior independent directora 120
Board member 90
Audit, Gulf of Mexico, remuneration and
SEEA committees chairmanship feesb
30
Committee membership feec20
Intercontinental travel allowance 5
a
The senior independent director is eligible for committee chairmanship fees and intercontinental
travel allowance plus any committee membership fees.
b For members of the audit, Gulf of Mexico, SEEA and remuneration committees.
c Committee chairmen do not receive an additional membership fee for the committee they chair.
2014 remuneration (audited)
£ thousand Fees BenefitsaTotal
2014 2013 2014 2014 2013
Paul Anderson 175175 48223175
Alan Boeckmannb70 – 17 87 –
Admiral Frank Bowman 165 165 17 182 165
Antony Burgmans 150 145 9 159 145
Cynthia Carroll 125 120 66 191 120
George Davidc185 185 18 203 185
Ian Davis 150 150 5 155 150
Professor Dame Ann Dowlingd140 140 11 151 140
Brendan Nelson 125 130 16 141 130
Phuthuma Nhleko 150 150 9 159 150
Andrew Shilston 150 150 8 158 150
a Benefits include travel and other expenses relating to the attendance at board and other
meetings. Amounts disclosed are estimated and have been grossed up using a tax rate of 45%,
where relevant, as an estimation of tax due. These are disclosed for 2014 following approval of
the policy.
b Appointed on 24 July 2014.
c In addition, George David received £12,500 for chairing the BP technology advisory council until
1 July 2013.
d In addition, Professor Dame Ann Dowling received £25,000 for chairing and being a member of
the BP technology advisory council and £3,000 for an ad hoc technology advisory council
meeting fee.
This directors’ remuneration report was approved by the board and signed on its behalf by David J Jackson, company secretary on 3 March 2015.
BP Annual Report and Form 20-F 201488