RBS 2003 Annual Report Download - page 130

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Directors’ remuneration report continued
Directors’ remuneration report
Directors’ remuneration
Salary/ Performance 2003 2002
fees bonus* Benefits Total Total
£000 £000 £000 £000 £000
Chairman
Sir George Mathewson 497 — 41 538 468
Executive directors
Fred Goodwin 898 990 28 1,916 2,580
Lawrence Fish 612 1,223 24 1,859 3,352
Norman McLuskie 498 539 11 1,048 1,375
Gordon Pell 626 676 5 1,307 1,725
Iain Robertson†(until 25 June 2003) 159 — 8 167 1,353
Fred Watt 531 578 1 1,110 1,433
* includes 10% profit sharing
Basic salary is the only component of the remuneration package which is pensionable.
Board 2003 2002
Board fees committee fees Total Total
Non-executive directors £000 £000 £000 £000
Vice-chairmen
Sir Iain Vallance 100 — 100 100
Sir Angus Grossart 100 — 100 100
Emilio Botin 44 — 44 44
Colin Buchan 44 12 56 28
Jim Currie 44 10 54 52
Juan Inciarte 44 — 44 44
Eileen Mackay 44 20 64 63
Iain Robertson†(from 25 June 2003) 50 — 50 —
Sir Steve Robson 44 10 54 54
Bob Scott 44 23 67 67
Peter Sutherland 44 — 44 44
Bill Wilson 44 38 82 82
†From 25 June 2003, Mr Robertson has carried out his role as Chairman, Corporate Banking and Financial Markets and as a director
in a non-executive capacity. He also provides general advice on business issues to the Board and Board Committees as appropriate,
including attendance as required at the Group Audit Committee and the Advances Committee. For these services Mr Robertson
receives a fee of £100,000 per annum.
No director received any expense allowances chargeable to UK income tax or compensation for loss of office/termination payment.
The non-executive directors did not receive any bonus payments or benefits.