Extract from IDS Executive Compensation Review 322

Executive Pay at Royal Mail

In our latest In Practice article, ECR takes a look at the principles driving remuneration policy at Royal Mail Group. The report focuses on the operation of the Annual performance bonus scheme and Long Term Incentive Plan (LTIP) which supplement base pay and benefits. As with the majority of FTSE 100 companies there is a strong emphasis on variable pay while the overall remuneration package is comparable to earnings at the bottom of the FTSE 100 index.

This article looks at executive pay for all Royal Mail Group directors, providing detail on remuneration and annual bonus scheme payment levels and weightings, as well as looking in-depth at the total reward package. The annual bonus scheme is reviewed as well as the current long-term incentive plan, and we take a look at the new LTIP under discussion. Featured tables include a detailed breakdown of remuneration and LTIP targets.