Remuneration summary

Chairman & non-executive director remuneration summary

The table below summarises the remuneration payable to the chairman and each non-executive director throughout the five years ended 31 December 2010 and with effect from 1 January 2011.

Name	Annual base fee 01 Jan 2006 to 31 Dec 2010	Annual cttee chair fee since 01 Jan 2006	Annual SID fee since 01 Jan 2007	Annual travel expense allowance since 01 Jan 2006	Total annual fees until 31 Dec 2010	Annual base fee effective 01 Jan 2011	Total annual fees from 01 Jan 2011
Chairman
Peter Johnson	£150,000	–	–	£10,000	£160,000	£157,500	£167,500
Non-executive directors
Richard Greenhalgh	£38,000	£7,500	£2,500	–	£48,000	£40,000	£50,000
John Warren	£38,000	£8,500	–	–	£46,500	£40,000	£48,500
Bill Shannon	£38,000	–	–	–	£38,000	£40,000	£40,000
Owen O’Donnell	£38,000	–	–	–	£38,000	£40,000	£40,000
Tim Scoble	£38,000	–	–	–	£38,000	£40,000	£40,000
Mike Smith	£38,000	–	–	–	£38,000	£40,000	£40,000

Summary of executive directors' terms and remuneration

The table below summarises the executive directors' terms of appointment and remuneration in 2010.

Name	Ian Burke	Paddy Gallagher
Position	Chief executive	Finance director
Date of appointment	6 March 2006	2 June 2008
Notice period	12 months	12 months
Fixed remuneration
Base salary	£525,300	£300,000
Pension	£183,855 (35% of base salary)	£44,246 (less LEL)
Car allowance	£18,500	£12,750
Benefits	£20,579	£10,045
Performance based remuneration
Short-term incentives – annual cash bonus	£333,566 earned out of a maximum opportunity of 100% of base salary	£151,500 earned out of a maximum opportunity of 80% of base salary
Long-term incentives – restricted share awards made in 2010	Restricted share award equivalent to 75% of base salary with a three-year performance period ending 31 December 2012 Expected value of 38% of base salary	Restricted share award equivalent to 75% of base salary with a three-year performance period ending 31 December 2012 Expected value of 38% of base salary