The Edinburgh Investment Trust Plc Annual Financial Report 2022 - Flipbook - Page 46
44 / GOVERNANCE / THE EDINBURGH INVESTMENT TRUST PLC
Directors’ Remuneration Report / continued
REMUNERATION FOR THE YEAR ENDED 31 MARCH 2022
THE COMPANY’S PERFORMANCE
The
following
plots,
in annual
the
asset value total return and share price total return to ordinary shareholders
Total
Returngraph
Graph
(Figures
have increments,
been rebased
tonet
100)
compared
the total return of the FTSE All-Share Index over the ten years to 31 March 2022. This index is the benchmark adopted by
At 31 Marchto
2012
the Company for comparison purposes.
Total Return Graph
Figures have been rebased to 100 at 31 March 2012.
Share price
250
Net Asset Value – debt at market value
FTSE All-Share Index
200
150
100
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Total
£
Percentage
change of
basic fees(2)
Source: Refinitiv.
SINGLE TOTAL FIGURE OF REMUNERATION FOR THE YEAR (AUDITED)
The single total figure of remuneration for each Director is detailed below, together with the prior year comparative:
Fees
£
2022
Taxable
Benefits(1)
£
Glen Suarez
44,000
Steve Baldwin
31,720
Vicky Hastings
Patrick Edwardson
2021
Taxable
Benefits(1)
£
Total
£
Fees
£
4,887
48,887
44,000
–
44,000
–
–
31,720
24,967
–
24,967
7.5%
30,667
320
30,987
33,416
–
33,416
4.1%
27,167
1,226
28,393
3,515
–
3,515
7.5%
Elisabeth Stheeman
27,167
228
27,395
24,967
–
24,967
7.5%
Gordon McQueen (retired 22 July 2021)
10,239
289
10,528
31,000
–
31,000
–
8,222
–
8,222
24,967
–
24,967
–
179,182
6,950
186,132
186,832
Maxwell Ward (retired 22 July 2021)
Total
186,832
Taxable benefits relate to grossed up costs of travel.
In accordance with The Companies (Directors’ Remuneration Policy and Directors’ Remuneration Report) Regulations 2019, this column
has been included to show the annual percentage change over the preceding financial year by comparison to the current financial year in
respect of each Director. The Board will publish this annual percentage change cumulatively each year going forward until there is an annual
percentage change over the five financial years preceding the relevant financial year in accordance with the new regulation. These fees
exclude taxable benefits which could vary substantially as they reflect expenses incurred whilst carrying out the board’s duties.
(1)
(2)