Page 19 - Pillar 3 Disclosure
P. 19


2013




The procedure for setting The Committee meets at least twice a year and reviews 

remuneration
relevant evidence including external professional 

advice and external salary benchmarking. Reports 
Responsibility for the Society’s Remuneration Policy and minutes of the Committee’s meetings are issued
and approach to contractual arrangements for 
to all members of the Committee. The Chairman of
Executive Directors is determined by the Remuneration 
the Committee reports at the Board meeting following 
Committee. This Committee is chaired by me and
the membership includes three other Non-Executive a Committee meeting. Annually the Executive Team 
and Chairman of the Society meet to review the Non- 
Directors; Michelle A Tennens, Charles B Tilley and 
Executive Directors’ fees including those of the Deputy 
Andrew L Wilson. The Chief Executive may attend
by invitation only and is never present in discussions Chairman and Chairmen of Board Risk and Audit and 
Compliance Committees. The Board is responsible for 
relating to his own salary.
approving the Chairman’s fees.






Non-Executive Directors
2013 Fees 2012 Fees 
£000
£000


D W Bowden (Deputy Chairman)
20.0 19.5 

E S Evans (Chairman appointed 20 March 2013)
33.7 23.3 
A Harris
21.8 19.5 

M J Sargeantson (Chairman retired 20 March 2013) 12.7 37.0 

M A Tennens
20.0 19.5 

C B Tilley
22.6 19.5
A L Wilson
20.0
3.2


141.5
Total 150.8



Performance related pay
y s
aron
d
onl
ti
y
e etits
tan bu
rblrrreus
efiToori
Executive Directors
layaw
efescnnb nsintal
SaaoDDiboBeueoot
£000 £000
2013 £000 £000
£000 £000
£000 £000
PnSPCT



30 227 P Winter (Chief Executive) 149 20 10 0 18 197 
18 151
K F Blackburn (Finance Director) 101 14
7 0
11
133


48 378
Total 250 34
17 0
29
330


2012

28 222 P Winter (Chief Executive) 140 20 10 7 17 194 

17 149
K F Blackburn (Finance Director) 97 13
6 5
11
132

45 371
Total 237 33
16 12
28
326




Derek Bowden

Chairman of the Remuneration Committee, 29 January 2014







www.ibs.co.uk 19



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