Bonuses awarded to the BBC's executive committee have been criticised because they coincide with sweeping cuts to staff numbers at the corporation.
Here is a look at the remit of each of the executives, what changes they are overseeing in their departments and their remuneration packages for 2004/2005.
Jenny Abramsky is the director of BBC radio and music, including Radio 1, 2, 3 and 4 and all the BBC's digital channels such as 1Xtra and Asian Network.
The annual report stated it has been a "strong year" for radio, in particular Radio 1 and 2, with particular praise for its commitment to live and new music.
In the first round of job cuts the radio and music department will be shedding 150 posts (15%), making savings of £9.4m.
Ms Abramsky receives a salary of £233,000 and was awarded a bonus in 2004/05 of £58,000.
Jana Bennett is the director of television, with the overall responsibility for BBC One and Two and its two digital channels Three and Four.
The governors reported some "striking successes" for BBC One in the past year, including Strictly Come Dancing and Doctor Who. While it said some areas need improvement, it has balanced public service commitment with attracting large audiences.
Job cuts amounting to 19% of the workforce across television will be cut by 2008.
Ms Bennett's salary is £255,000, with a £63,000 bonus on top for 2004/05.
Mark Byford is deputy director general of the BBC, having been promoted from director of World Service and global news.
He was acting director general following the departure of Greg Dyke until Mark Thompson joined the corporation. Mr Byford also chairs the new journalism board, which brings together all levels of journalism in the BBC.
The directors of news, World Service and nations and regions all report to Mr Byford.
The news division is losing 420 jobs, while nations and regions is losing 735 posts.
Mr Byford earns a salary of £351,000 and was given a bonus of £92,000, the highest of all the BBC executives.
Stephen Dando is the director of BBC People, which was formerly human resources and internal communications. He is responsible for all BBC people and organisation issues.
His division is taking one of the biggest hits in the job cuts with 1,730 going under the umbrella of professional services.
His salary for the year was £245,000, with a bonus of £65,000.
Ashley Highfield is the director of new media and technology, responsible for bbc.co.uk, interactive television, technical innovation and new platforms.
The new media division remit was restructured following the Graf Report, leading to some sites deemed not distinctive enough closing down. The annual report praised the reach of bbc.co.uk, which has a reach of 45.8% of the UK online audience.
The new media division is losing 58 posts in the corporation's restructuring plans.
Mr Highfield receives a salary of £245,000 and was awarded a bonus of £57,000.
Zarin Patel joined the board as group finance director in January 2005. She is responsible for financial strategy, planning and licence fee collection.
She has a salary of £59,000 and a bonus of £10,000.
John Smith has been BBC's chief operation officer since June 2004, responsible for all the BBC's commercial activities and its property strategy. He is also chief executive of BBC Worldwide, the corporation's commercial arm.
BBC Worldwide reported profits of £55m, up from £37m in 2003/04. The target is to double profits over two years.
Mr Smith also oversaw the sale of BBC Technology.
He has a salary of £287,000, with a bonus of £72,000.
Mark Thompson became director general in June 2004, replacing Greg Dyke.
Since joining the BBC he has overseen a massive restructuring plan, leading to 3,780 job cuts designed to make savings of £355m to reinvest in programme-making.
Mr Thompson's salary is £453,000. He waived his right to a bonus, saying "it would not have felt right" after overseeing such a major restructuring which has led to uncertainty for many staff.
Caroline Thomson took over as the director of policy, legal and distribution in April 2005. She also been leading the Charter Renewal Task Force.
In her role she has responsibility for strategic analysis and planning and for the distribution of BBC services and is particularly involved in the development of the BBC's digital strategy and switchover.
Her remuneration package includes a salary of £210,000 and a bonus of £64,000.