PREVIOUS| 2005 Annual Remuneration(a) | |||||||
| Executive Share | |||||||
| Annual | Award Scheme | ||||||
| Salary | cash | 2005 | 2004 | ESAS(c) | |||
| and fees | Benefits(b) | bonus | Total | Total | 2005 | 2004 | |
| £000 | £000 | £000 | £000 | £000 | £000 | £000 | |
| Chairman | |||||||
| Matthew W Barrett | 650 | 54 | – | 704 | 2,827 | – | 715 |
| Executive Directors | |||||||
| John Varley(d) | 850 | 11 | 1,388 | 2,249 | 2,074 | 601 | 569 |
| Robert E Diamond Jr(e) | 146 | 7 | 4,375 | 4,528 | – | 1,896 | – |
| Gary Hoffman(d) | 500 | 11 | 563 | 1,074 | 1,335 | 244 | 358 |
| Naguib Kheraj(d)(f) | 500 | 126 | 825 | 1,451 | 1,563 | 358 | 406 |
| David Roberts(d) | 500 | 11 | 825 | 1,336 | 1,279 | 358 | 333 |
| Non-executive Directors(g) | |||||||
| Sir David Arculus | 83 | – | – | 83 | 68 | – | – |
| Sir Richard Broadbent | 123 | – | – | 123 | 83 | – | – |
| Leigh Clifford | 60 | – | – | 60 | 13 | – | – |
| Dr Danie Cronjé(h) | 129 | 3 | – | 132 | – | – | – |
| Professor Dame Sandra Dawson | 71 | – | – | 71 | 62 | – | – |
| Sir Andrew Likierman | 86 | – | – | 86 | 26 | – | – |
| Sir Nigel Rudd | 179 | – | – | 179 | 98 | – | – |
| Stephen Russell | 127 | – | – | 127 | 93 | – | – |
| Robert Steel(i) | 39 | – | – | 39 | – | – | – |
| John Sunderland(j) | 40 | – | – | 40 | – | – | – |
| Former Directors | |||||||
| Roger Davis(k) | 468 | 13 | 1,031 | 1,512 | 1,337 | – | 358 |
| Dr Jürgen Zech(l) | 49 | – | – | 49 | 62 | – | – |
Notes
- Emoluments include amounts, if any, payable by subsidiary undertakings. Amounts payable to Dr Danie Cronjé include an amount of R1,193,275 (£109,734) in respect of his Chairmanship of Absa Group Limited. Dr Cronjé also received R37,913 (£3,486) of benefits in respect of his Chairmanship of Absa Group Limited.
- The Chairman and executive Directors receive benefits in kind, which may include life and disability cover, the use of a Company owned vehicle or cash equivalent, medical insurance and tax advice on similar terms to other senior executives.
- The amounts shown for ESAS represent payments which are expected to be made to the trustee to fund the provisional allocation of shares in 2006, including a maximum potential 30% bonus share element.
- John Varley is a Director of Ascot Authority (Holdings) Limited and British Grolux Limited, for which he received fees of £24,648 and £6,000 respectively in 2005. Gary Hoffman is a Director of Visa (Europe) Limited, for which he receives no fee and Trinity Mirror plc, for which he received fees of £39,521 in 2005. Naguib Kheraj is a member of the Board of Governors of the Institute of Ismaili Studies, for which he receives no fee. Naguib Kheraj and David Roberts are non-executive Directors of Absa Group Limited and Absa Bank Limited. They have each waived their fees, which were paid to Barclays. The respective fees for 2005 were R161,033 (£14,809) and R140,366 (£12,908).
- Robert E Diamond Jr joined the Board on 1st June 2005. The amount shown is for the period from that date.
- Naguib Kheraj received an allowance of 23% of base salary (£115,000) in lieu of pension contributions.
- Fees to non-executive Directors include an amount of £20,000 per annum which, after tax, is used to buy Barclays PLC ordinary shares for each non-executive Director. Further details are provided.
- Dr Danie Cronjé was appointed as a non-executive Director on 1st September 2005.
- Robert Steel was appointed as a non-executive Director on 1st June 2005.
- John Sunderland was appointed as a non-executive Director on 1st June 2005.
- Roger Davis ceased to be a Director on 8th December 2005; his 2005 salary and bonus are pro-rated up to this date. His contract provides for a notice period of 12 months or contractual pay in lieu of notice for 12 months, subject to mitigation if alternative employment is found during the period of pay in lieu of notice. Contractual pay on termination includes base salary (£500,000), pension contribution (£115,000) and a bonus capped at 100% of current base salary (£500,000), totalling £1,115,000. The notice period will commence on 1st April 2006. The contract provides for a discretionary bonus in respect of part-year service up to the date the notice period starts. The bonus for the period 1st January 2006 to 31st March 2006 will be £250,000.
- Dr Jürgen Zech resigned from the Board on 28th April 2005.