Today we have published the latest detailed quarterly expenses of our 110 most senior executives at the Corporation, covering the period July-September 2010. This is part of our continuing programme of transparency, and is the sixth time that we have published quarterly expenses. The headline is that total expense claims are down 35% year-on-year.

We're also publishing more detail on Senior Manager pay than ever before, with information about the salary levels of the remaining 462 permanent Licence Fee-funded Senior Managers at the BBC. We know that Licence Fee payers want more information about how we spend their money, and this disclosure demonstrates that the BBC is continuing to lead the way in being open and transparent.

Finally, a quick update on our progress in reducing the number of Senior Managers and the amount we pay them at the BBC. Up to the end of December, we had cut the Senior Manager paybill by 13.6% and the number of senior managers by 8.5% from their August 2009 levels. By the end of the year we will make further reductions in order to deliver a 25% reduction in the pay bill and 20% reduction in headcount.

You can read more about our approach to reducing executives and talent pay here.

Caroline Thomson is the BBC's Chief Operating Officer

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