P 2 3
AGGREGATE DIRECTORS' REMUNERATION
Directors' Emoluments in US$
Year
Salary and Fees¹
Benefits¹
Bonus1,5
Total
Executives:
R.D. Armstrong
2009
328,500
25,766
91,000
445,266
2008
365,000
27,464
-
392,464
R.K. Brenner
2009
-
-
-
-
2008
65,838
9,864
-
75,702
K.E. Bigsby
2009
238,500
-
33,000
271,500
2008
265,000
-
-
265,000
Chairman6
G.N. Vernon²
2009
77,102
-
-
77,102
2008
84,734
-
-
84,734
Non-executive6
A.J. Reade4
2009
56,230
-
-
56,230
2008
64,920
-
-
64,920
B.M. Riley
2009
55,915
-
-
55,915
2008
59,931
-
-
59,931
K.D. Noonan³
2009
51,901
-
-
51,901
2008
56,333
-
-
56,333
D.P. Szostak
2009
-
-
-
-
2008
-
-
-
-
P. Regan
2009
-
-
-
-
2008
-
-
-
-
Total
2009
$808,148
$25,766
$ 124,000
$ 957,914
2008
$ 961,756
$ 37,328
$ -
$ 999,084
(1) Remuneration amounts are for the 2009 and 2008 period served.
(2) Includes beneficial payments to Ziggus Holding Ltd.
(3) Includes beneficial payments to T. K. Advisory Ltd.
(4) Includes beneficial payments to Global Strategy Expression Ltd.
(5) Bonuses were paid in 2009.
(6) Payments made in pounds Sterling, at exchange rates to the US Dollar ranging from 1.3764 to 1.7093 in 2009.
The benefits in kind represent contributions to medical insurance schemes, life insurance and the 401(k) pension plan. The share based payment charge for directors' founder shares and share options were US$1,876,114 (2008: US$1,893,663). These amounts have been included within administrative costs. The total directors' compensation is US$2,834,028 (2008: US$2,892,747).
DIRECTORS' PENSION ARRANGEMENTS
The Executive Directors can participate in the Group's 401(k) plan and the Group will match any contributions into the plan up to 4% of salary not to exceed US$9,200 in 2009 with a tax deferral limit of US$15,500 and additional tax deferral provisions for employees over 50 years old.
