Emoluments

Emoluments (audited)

The emoluments for 2007 and 2008 of the Directors who served during the financial year are set out below:

Directors’ remuneration Salary and fees
£000 		Bonuses £000 Benefits £000 2008
Total £000 		2007
Total £000
Chairman          
J W Whybrow 350 - - 350 320
Executive Directors
          
C A S Hornsby1 725 377 120 1,222 1,075
R H Marchbank2 480 154 266 900 860
F W Roach 465 196 24 685 632
S P Webster3 540 146 220 906 939
Non Executive Directors
         
G Davis 70 - - 70 65
A J Duff 72 - - 72 67
J I K Murray 76 - - 76 71
N M Stein 60 - - 60 55
Former Director
         
R M Walker4 15 - - 15 55
Total 2,853 873 630 4,356 4,139
           
        2008
Total
£000 		2007
Total
£000
Pensions to former Directors - - - 320 314
Pension contributions to money purchase plans - - - 359 284
Aggregate gainson exercise ofshare options5 - - - - 1,185
Total - - - 679 1,783

1 £75,000 (2007: £75,000) of the figure for benefits relates to an annual housing allowance.
2 £187,050 (2007: £195,117) of the figure for benefits relates to relocation from the USA to the UK.
3 £190,620 (2007: £177,559) of the figure for benefits relates to a cash supplement in lieu of payments into the Funded Unapproved Retirement Benefit Scheme (‘FURBS’).
4 Mr Walker retired from the Board on 31 October 2007.
5 No share option gains were made by any Director during the year to 31 July 2008.

Other senior executives

The non-Board members of the Executive Committee are senior executives whose roles significantly influence the ability of the Group to meet its strategic objectives. The committee determines the level of remuneration for this group, based on proposals from the Group Chief Executive. Their total remuneration including salary and benefits, actual bonus and the fair value of long-term incentives granted/awarded during the year ended 31 July 2008 is summarised below:

Total remuneration 2007/08
£000 		Number in band
(2006/07 in brackets)
401 – 500 4 (2)
501 – 600 1 (1)
601 – 700 2 (0)

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