RWS Annual Report 2022 web - Flipbook - Page 88
Directors’ Remuneration Report (continued)
ANNUAL REPORT ON REMUNERATION
IMPLEMENTATION OF THE POLICY FOR FY22
During the year, the Directors received the following remuneration and pension contributions:
Salary
or Fees
£000
Director
Taxable
Benefits
£000
Pension
Contributions
£000
Annual
Bonus
£000
FY22
Total
£000
FY21
Total
£000
Andrew Brode
263
2
-
-
265
265
Ian El-Mokadem
600
-
30
206
836
129
Rod Day1
320
-
-
-
320
-
Lara Boro
50
-
-
-
50
50
Frances Earl
50
-
-
-
50
45
Gordon Stuart
50
-
-
-
50
45
David Clayton
50
-
-
-
50
45
27
-
-
-
27
-
202
-
11
42
255
646
1,612
2
41
248
1,903
1,225
Non-Executive Directors
Julie
Southern2
Former Director
Des Glass3
Total
1 From 10 January 2022 (see Board Changes section)
2 From 27 July 2022 (see Board Changes section)
3 To 8 April 2022 (see Board Changes section)
ANNUAL BONUS FOR FY22
Details of the annual bonus awards to Executive Directors for the year ended 30 September 2022 are as follows:
Financial Targets (75% of bonus)
Adjusted profit before tax (40%)
Revenue (35%)*
Threshold (start to earn)
£133.29m
£729.22m
On-Target
£140.30m
£767.60m
Maximum
£154.33m
£805.98m
Below Threshold
Below Threshold
% of max payable
0%
0%
% of max payable
Total Financial
0%
Actual (for bonus purposes)
*Adjusted profit before tax and revenue targets for bonus payments are stated at budgeted exchange rates. Although reported Adjusted profit before tax and
revenues are above the bonus threshold level, when restated at budgeted exchange rates, they are below the threshold and accordingly no bonus is payable in
respect of this element of the remuneration
88
RWS — Annual Report 2022
GOVERNANCE REPORT
