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Directors' remuneration report
Directors' remuneration
Directors' emolumentsβ
Details of directors' emoluments for the year to 2 February 2008 were as follows:
| Basic salary or fees | Benefits(1) | Short term bonuses | Total | |||||
|---|---|---|---|---|---|---|---|---|
| 2008 | 2007 | 2008 | 2007 | 2008 | 2007 | 2008 | 2007 | |
| $000 | $000 | $000 | $000 | $000 | $000 | $000 | $000 | |
| Chairman: | ||||||||
| Sir Malcolm Williamson(4) | 427 | 271(2) | – | – | – | – | 427 | 271 |
| James McAdam(3)(4) | – | 238 | – | 26 | – | – | – | 264 |
| Executive: | ||||||||
| Robert Anderson(4)UK Chief Executive | 653 | 564 | 58 | 51 | – | 241 | 711 | 856 |
| Walker Boyd(4)Group Finance Director | 840 | 729 | 45 | 39 | – | 356 | 885 | 1,124 |
| Terry Burman Group Chief Executive | 1,559 | 1,545 | 109 | 94 | – | 1,418 | 1,668 | 3,057 |
| Mark Light US Chief Executive | 785 | 724 | 38 | 36 | – | 354 | 823 | 1,114 |
| Non-executive: | ||||||||
| Robert Blanchard | 109 | 96 | – | – | – | – | 109 | 96 |
| Dale Hilpert | 92 | 87 | – | – | – | – | 92 | 87 |
| Lesley Knox(4)(5) | 6 | – | – | – | – | – | 6 | – |
| Brook Land(4) | 117 | 105 | – | – | – | – | 117 | 105 |
| Robert Walker(4) | 92 | 87 | – | – | – | – | 92 | 87 |
| Russell Walls(4) | 109 | 96 | – | – | – | – | 109 | 96 |
| Total | 4,789 | 4,542 | 250 | 246 | – | 2,369 | 5,039 | 7,157 |
(1)Benefits incorporate all benefits, other than pension benefits, arising from employment by the Group, which in the main relate to the provision of a company car and private health insurance and in the case of Mr. Burman also includes spousal travel and life assurance.
(2)Sir Malcolm Williamson was appointed Chairman in June of fiscal year 2006/07.
(3)James McAdam retired as a director on 9 June 2006. Prior to his retirement, his basic salary was £350,000 per annum. On his retirement from the Company, Mr. McAdam remains a member of the Signet Health Care Scheme but he fully reimburses the Company for the premium paid on his behalf.
(4)Sir Malcolm Williamson, Messrs. Anderson, Boyd, Land, McAdam, Walker, Walls and Ms. Knox had their emoluments specified and paid in pounds sterling and an average exchange rate of US$2.00 was used (2006/07:US$1.88).
(5)From Ms. Knox's appointment on 9 January 2008.
The figures above represent emoluments earned as directors during the relevant financial year. Such emoluments are paid in the same financial year with the exception of bonus payments, which are paid in the year following that in which they are earned.