Also on the agenda were proposals for a new long-term incentive scheme for Network Rail executive directors,
which would recognise outstanding and exceptional performance in building a bigger, better value railway.
The proposal was approved by 86% of Network Rail's members* – the company's equivalent to shareholders
whose job is to hold the board to account.
It was one of 22 resolutions put before them for approval at today's meeting.
The new scheme recognises outstanding and exceptional performance over the three years to 2015,
with any future awards measured against train performance, savings made for the taxpayer
and the successful delivery of congestion easing projects.
The scheme was informed by discussions with members at a series of meetings and workshops.
Network Rail is required to have a long-term incentive scheme in place as a regulatory licence condition
and the Office of Rail Regulation has confirmed that it meets those conditions.
Network Rail chairman, Richard Parry-Jones, said:
“Network Rail has had another solid year of progress and we intend to continue on this path.
which have been approved by our members through an open and transparent process.
"If targets are not met, or safety compromised, no bonuses are paid.
“Discussions with our members and stakeholders and feedback from customers
highlight their concerns about the cost of operating Britain's railways and the cost of fares.
"These rank as highly in their minds as the punctuality of the train service.
"The proposed new long-term incentive scheme addressed these concerns,
with a focus on safely bringing down the cost of the railway while building capacity for the future.”