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Yve
Newbold, who retired from the Board in June 1997, remains
a member of the Community Support Committee for which
she received fees of £5,000 in the 2003 financial
year.
Dr
Iain Anderson, who retired from the Board in September
2001, is chairman of the BT Scotland Board, for which
he received £12,000 in the 2003 financial year.
On
the terms of his leaving the company on 31 January 2002,
Sir Peter Bonfield was entitled to the sum of £820,000
payable in 12 monthly instalments and contractual benefits
for one year. During the 2003 financial year, he received
£683,000 as the final ten monthly instalments
of his contract and contractual benefits of £1,000.
Sir
Iain Vallance, following his retirement from the Board
on 1 May 2001, received fees as President Emeritus of
£350,000 per annum until 31 July 2002. He received
£117,000 for the 2003 financial year. He also
received benefits of £18,000 in the 2003 financial
year. He received a bonus of £600,000 on the expiry
of his contract of service on 31 July 2002.
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