§ Gregory BarkerTo ask the Secretary of State for International Development if she will list CDC Capital Partners executives' proportional(a) salary and (b) remuneration increases since 1997. [67356]
§ Clare ShortRemuneration structures in CDC have been and continue to be revised in order to respond to the need for different skills and expertise, and to bring levels of pay and incentivisation more in line with the private sector:
(a) Base salary increases as approved by the Board were as follows:
Approved percentage increase April 1997 3.0 April 1998 4.0 April 1999 4.0 January 2000 3.6 January 2001 3.5 January 2002 3.4 Information on remuneration for CDC executives is available only at disproportionate cost. Details of remuneration for CDC Directors were published in annual reports for 1999, 2000 and 2001 copies of which were placed in the Library of the House.
(b) Percentage increases (decreases) on actual total cash remunerations costs since 1997 are as follows.
570W
Approved percentage increase (decrease) 1997 — 1998 20.3 1999 10.98 2000 3.78 2001 (1.47) The total cash remuneration of executives is principally made up of their salary, a short-term bonus programme introduced in 1999 and a long term incentive programme introduced in 2000.