RWS AR 23 Final Single pages - Flipbook - Page 92
Directors' Remuneration Report (continued)
Annual Report on Remuneration
IMPLEMENTATION OF THE POLICY FOR FY23
During the year, the Directors received the following remuneration and pension contributions:
Salary
or fees
£000
Director
Taxable
bene昀椀ts
£000
Pension
contributions
£000
Annual
bonus
£000
FY23
total
£000
FY22
total
£000
Andrew Brode
263
2
-
-
265
265
Ian El-Mokadem
621
-
31
-
652
836
Davies1
410
-
21
-
431
-
Lara Boro
65
-
-
-
65
50
Frances Earl
65
-
-
-
65
50
Gordon Stuart
65
-
-
-
65
50
David Clayton
55
-
-
-
55
50
150
-
-
-
150
27
149
-
-
-
149
320
2
52
-
1,897
1,648
Candida
Non-Executive Directors
Julie
Southern2
Former Director
Rod Day3
1,843
Total
1. Appointed 3 October 2022
2. Appointed 27 July 2022
3. Appointed 10 January 2022 and resigned 20 December 2022
ANNUAL BONUS FOR FY23
Details of the annual bonus awards to Executive Directors for the year ended 30 September 2023 are as follows:
Financial targets (75% of bonus)
PBT (40%)
Threshold (start to earn)
£128.82m
£741.84m
On-target
£135.86m
£782.10m
Maximum
£149.95m
£822.36m
Below Threshold
Below Threshold
% of max payable
0%
0%
% of max payable
Total Financial
0%
Actual (for bonus purposes)
Revenue (35%)
As the threshold 昀椀nancial targets were not met, the Committee determined that no bonus was payable to
Ian El-Mokadem and Candida Davies in respect of the year ending 30 September 2023. As such, despite progress being
made against a number of the targets, no formal assessment of the personal objectives (25% of bonus) was carried out.
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RWS Holdings plc — Annual Report 2023 GOVERNANCE REPORT
