Remuneration Report
The Board recognises the importance of linking remuneration policies to the performance of the Group and shareholder return.
The graph below shows the total shareholder return for a holding of the Company’s ordinary shares for the five financial years to 30 September 2007. This is compared to the total shareholder return for a hypothetical holding in the FTSE mid-250 index (excluding investment trusts). This was chosen as the Remuneration Committee (“the Committee”) believes it is the most appropriate index to which the Company’s performance can be compared and it is the index which is used for the purposes of the Long Term Incentive Plan.
Total shareholder return is the growth in value of a share plus the value of dividends re-invested in the Company’s shares on the day on which they are paid.
| Diploma | FTSE mid-250 |
|
| September 2002 | 100 | 100 |
| September 2007 | 446 | 261 |
| +346% | +161% | |