RBS 2010 Annual Report Download - page 260

The tables and explanatory notes on pages 258 to 262 report the remuneration of each director for the year ended 31 December 2010 and have been
audited by the company's auditors, Deloitte LLP.
Directors' remuneration
Salary/
fees
£000
Performance
bonus
£000
Benefits
£000
2010
Total
£000
2009
Total
£000
Chairman
Philip Hampton (1) 750 — — 750
700
Executive directors
Stephen Hester (2) 1,219 2,040 8 3,267 1,227
Bruce Van Saun (2,3,4) 725 1,349 224 2,298 700
Former executive director
Gordon Pell (5) 233 — 1 234
933
Notes:
(1) Remuneration for 2009 reflects Philip Hampton’s appointment as Deputy Chairman and Chairman-designate on 19 January 2009 and his appointment as Chairman on 3 February 2009.
(2) Further information on pension arrangements for Stephen Hester and Bruce Van Saun can be found on page 262.
(3) Remuneration for 2009 reflects Bruce Van Saun’s appointment to the Board on 1 October 2009.
(4) Benefits include costs for Bruce Van Saun’s relocation to the UK during 2010.
(5) Retired with effect from 31 March 2010.
As disclosed in the 2009 remuneration report, no payment for loss of
office was made to Guy Whittaker (who ceased to be a director on 30
September 2009). After leaving the Group, Mr Whittaker was paid a total
of £729,381 representing salary and benefits due under his contract of
employment for the balance of his notice period.
Gordon Pell is currently Deputy Chairman of Coutts & Co and a non-
executive director of RBS Coutts Bank Limited. He receives a combined
annual fee of £100,000 in respect of these roles.
The table below sets out the remuneration paid to non-executive directors
for the year ended 31 December 2010. No changes were made in
relation to non-executive director fees during 2010 except to standardise
the Board Risk Committee, Audit Committee and Remuneration
Committee membership fee at £25,000 with effect from 1 January 2010.
Fees paid to the Chairs of the Board Risk, Audit and Remuneration
Committees have also been standardised at £150,000. This constitutes
an increase in the fee payable to the Chair of the Remuneration
Committee, reflecting the increased workload of that Committee and the
time commitment required from the Committee Chair. For individual
directors, differences in remuneration between 2009 and 2010 reflect any
change in Committee responsibilities and, where applicable, the date
they were appointed to the Board during 2009 or 2010, as set out in the
notes below.
Board
fees
Board
Committee
fees
2010
Total
2009
Total
£000 £000 £000 £000
Non-executive directors
Colin Buchan (1) 73 77 150
152
Sandy Crombie (2) 150 — 150 88
Penny Hughes (3) 130 — 130 —
Joe MacHale (4) 73 68 141
111
John McFarlane 73 30 103 93
Brendan Nelson (5) 111 — 111 —
Art Ryan 73 30 103 92
Philip Scott (6) 150 — 150 25
Former non-executive director
Archie Hunter (7) 24 31 55
166
Notes:
(1) Stepped down as a member and Chairman of the Remuneration Committee on 1 June 2010.
(2) Appointed as Senior Independent Director on 1 June 2009. Fee is inclusive and covers all Board and Board Committee work.
(3) Appointed on 1 January 2010 and became Chair of the Remuneration Committee on 1 June 2010. From 1 June 2010 fee is inclusive and covers all Board and Board Committee work.
(4) Stepped down as a member of the Audit Committee on 30 April 2010. Member of the Asset Protection Scheme Senior Oversight Committee from January 2010.
(5) Appointed on 1 April 2010 and became Chairman of the Audit Committee on 28 April 2010. Fee is inclusive and covers all Board and Board Committee work.
(6) Fee is inclusive and covers all Board and Board Committee work.
(7) Retired with effect from 28 April 2010.
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.
RBS Group 2010258
Directors’ remuneration report continued