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BP » Topics » Fee structure

This excerpt taken from the BP 20-F filed Mar 4, 2008.
Fee structure
The table below shows the revised fee structure for non-executive directors.

      £ thousand  
      Fee level from  
  Fee level 2005-07   1 Nov 2007  
Chairmana 500   600  
Deputy chairmanb 100   120  
Board member 75   75  
Committee chairmanship flat feec 20   –  
Audit committee and SEEAC chairmanship fees –   30  
Remuneration committee chairmanship fee –   20  
Transatlantic attendance allowance 5   5  
Committee membership fee –   5  
a The chairman remains ineligible for committee chairmanship and membership fees or transatlantic attendance allowance.
b The role of deputy chairman is combined with that of senior independent director. The deputy chairman is still eligible for
  committee chairmanship fee and transatlantic attendance allowance plus any committee membership fees.
c Committee chairmen will not receive an additional membership fee for the committee they chair.
   
   
  Remuneration of non-executive directors in 2007a
 
 
        £ thousand    
 
 
    2006   2007    
 
 
  A Burgmans 85   86    
  Sir William Castell 39   87    
  C B Carrollb n/a   43    
  E B Davis, Jr 100   107    
  D J Flint 100   86    
  Dr D S Julius 105   106    
  Sir Tom McKillop 85   87    
  Dr W E Massey 130   133    
  Sir Ian Prosser 130   137    
  P D Sutherland 500   517    
 
 
  Directors leaving the board in 2007          
 
 
  J H Bryanc 110   45    
 
 
a This information has been subject to audit.
b Appointed on 6 June 2007.
c Also received a superannuation gratuity of £21,000.

No share or share option awards were made to any non-executive director in respect of service on the board during 2007.
     Non-executive directors have letters of appointment, which recognize that, subject to the Articles of Association, their service is at the discretion of shareholders. All directors stand for re-election at each AGM.

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