Cynthia Carroll and René Médori are employed by Anglo American Services (UK) Ltd (AAS).
It is the Company’s policy that the period of notice for executive directors will not exceed 12 months and accordingly the employment contracts of the executive directors are terminable at 12 months’ notice by either party.
The contracts of executive directors do not provide for any enhanced payments in the event of a change of control of the Company, nor for liquidated damages.
All non-executive directors have letters of appointment with the Company for an initial period of three years from their date of appointment, subject to reappointment at the AGM (Figure 8).
|Figure 7: Executive directors(1)|
|Next AGM re-election
|Cynthia Carroll (chief executive)||15 January 2007||April 2010|
|René Médori (finance director)||01 June 2005||April 2011|
|(1)At each AGM all those directors who have been in office for three years or more since their election or last re-election shall retire from office. Details of those retiring by rotation this year are contained in the Notice of AGM.|
|Figure 8: Non-executive directors(1)(2)|
|Next AGM re-election
|Sir Mark Moody-Stuart (chairman)||16 July 2002||April 2009|
|David Challen (SID and chairman, Audit Committee)||09 September 2002||April 2009|
|Sir CK Chow||15 April 2008||April 2011|
|Chris Fay (chairman, S&SD Committee)(3)||19 April 1999||April 2009|
|Bobby Godsell (retires on 15 April 2008)||18 March 1999||n/a|
|Sir Rob Margetts
(chairman, Remuneration Committee)(3)
18 March 1999
|Nicky Oppenheimer||18 March 1999||April 2010|
|Fred Phaswana (chairman, Nomination Committee)||12 June 2002||April 2009|
|Mamphela Ramphele||25 April 2006||April 2009|
|Karel Van Miert||19 March 2002||April 2011|
|Peter Woicke||01 January 2006||April 2009|
|(1)At each AGM all those non-executive directors who have been in office for three years or more since their election or last re-election shall retire from office. Details of those retiring by rotation this year are contained in the Notice of AGM.|
|(2) There is no fixed notice period; however, the Company may, in accordance with, and subject to the provisions of, the Companies Act, by Ordinary Resolution of which special notice has been given, remove any director from office. The Company’s Articles of Association also permit the directors, under certain circumstances, to remove a director from office.|
|(3) In accordance with the provisions of the Combined Code, independent non-executive directors who have served longer than nine years are subject to annual re-election and, accordingly, Chris Fay and Sir Rob Margetts are being proposed for re-election at the AGM in April 2009.|