|
The
aggregate remuneration of members of the Operating
Committee (OC), other than directors, for services
in all capacities during the 2003 financial year was
as follows:
|
2003 |
|
2002 |
|
|
£000 |
|
£000 |
|
|
|
|
|
|
|
|
|
|
|
| Salaries
and benefits |
275 |
|
3,703 |
|
| Annual
bonuses |
201 |
|
1,551 |
|
| Termination
and retention payments |
– |
|
1,276 |
|
| Provision
for long-term incentive awards |
327 |
|
4,959 |
|
| Company
pension contributions |
32 |
|
857 |
|
|
|
|
|
|
| Total |
835 |
|
12,346 |
|
|
|
|
|
|
The
OC replaced the Executive Committee in February 2002.
Of the six members of the OC, five are members of the
Board.
Pierre
Danon, Andy Green and Paul Reynolds were appointed to
the Board on 19 November 2001 and from that date their
directors’ salaries are reflected in the
directors' remuneration table.
No
options were granted under the BT Group Employee Sharesave
Scheme to OC members, other than directors, during the
2003 financial year (2002 – 5,650).
The
members of the OC beneficially own less than 1% of the
company’s outstanding ordinary shares.
By
order of the Board
Sir
Anthony Greener
Deputy
Chairman and Chairman of Remuneration Committee
21 May
2003
|
