Introduction

Introduction

Executive Directors’ Remuneration

Non-executive Directors’ Remuneration

Directors’ Long-term Incentive Plan

Directors’ Shareholdings

Directors’ Share Options

Directors’ Pensions

Service Contracts of Directors Proposed for Re-election

Introduction

The Remuneration Committee of the Board during 1998 comprised Niall FitzGerald (Chairman), Michael Abrahams, Ann Burdus, Lord Gillmore and Sandy Stewart (and Andrew Teare as Chairman until the date of his retirement). The Committee is responsible for setting remuneration policy and individual remuneration packages for executive directors. In framing its policy, the Committee has given full consideration to the provisions of Schedule A to the Combined Code.