We strongly believe that senior managers should be aligned with our shareholders by owning a reasonable number of Hiscox shares. Formal shareholding guidelines are as follows: within five years of becoming an Executive Director, an employee will be expected to own Hiscox shares valued at 150% of salary; within five years of becoming a Hiscox Partner (the top 5% of employees in the company) or a member of a subsidiary board, an employee will be expected to own Hiscox shares valued at 100% of salary.
| Directors’ interests |
31 December 2009
5p Ordinary Shares
number of shares
beneficial |
31 December 2009
5p Ordinary Shares
number of shares
non-beneficial |
| Executive Directors |
|
|
| RRS Hiscox |
6,600,196 |
550,000 |
| BE Masojada |
3,229,465 |
10,081,500 |
| RS Childs |
1,906,840 |
– |
| SJ Bridges |
1,009,399 |
– |
| Non Executive Directors |
|
|
| DM Healy |
55,000 |
– |
| ER Jansen |
– |
– |
| Dr J King |
– |
– |
| AS Rosen |
– |
– |
| G Stokholm |
– |
– |
| DA Stuurop |
50,000 |
– |