Remuneration and share tables
The information set out in this section forms part of the audited disclosures in this report.
Directors’ emoluments and fees
Aggregate emoluments
The emoluments of the directors of Reed Elsevier PLC and Reed Elsevier NV (including any entitlement to fees or emoluments from either Reed Elsevier Group plc or Elsevier Reed Finance BV) were as follows:
| |
2008
£’000 |
2007
£’000 |
| Salaries and fees |
4,360 |
4,566 |
| Benefits |
115 |
117 |
| Annual performance-related bonuses |
5,547 |
4,073 |
| Pension contributions |
51 |
131 |
| Pension in respect of former directors |
429 |
203 |
| Total |
10,502 |
9,090 |
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Individual fees of non-executive directors
| |
2008
£ |
2007
£ |
| Dien de Boer-Kruyt |
38,095 |
23,151 |
| Mark Elliott |
70,000 |
48,500 |
| Jan Hommen |
277,778 |
239,726 |
| Lisa Hook |
55,000 |
45,000 |
| Robert Polet (from17 Apr 2007) |
55,000 |
31,785 |
| David Reid |
55,000 |
45,000 |
| Lord Sharman |
70,000 |
52,000 |
| Rolf Stomberg (until 23 Apr 2008) |
19,841 |
48,630 |
| Cees van Lede (until 18 Apr 2007) |
– |
11,130 |
| Strauss Zelnick (until 7 December 2007) |
– |
45,000 |
| Total |
640,714 |
589,922 |
Other required disclosures
Patrick Tierney retired on 30 January 2008 and did not receive any compensation payments for loss of office. Gerard van de Aast’s employment ended on 31 December 2008 under the arrangements described here.
No loans, advances or guarantees have been provided on behalf of any director.
Details of long-term share-based incentives which vested and were exercised by the directors over shares in Reed Elsevier PLC and Reed Elsevier NV during the year are shown in Share-based awards. The aggregate notional pre-tax gain made by the directors from such incentives during the year was £1,857,517 (2007: £15,031,942). In relation to Patrick Tierney and Gerard van de Aast this reflects the vesting of shares during 2008 up to their respective termination dates.