Charles Sinclair, chief executive, and Peter Williams, finance director, have both agreed to move to one-year contracts, which are recommended as good corporate governance guidelines.
But Dacre, who is a member of the board along with Padraic Fallon, executive chairman of Euromoney Institutional Investor, remains on a two-year contract.
Details of the contracts were released in the Daily Mail & General Trust's annual report in which the company's remuneration committee said it considered the two-year contract "wholly appropriate".
It revealed that Dacre's salary had risen from £834,000 to £899,000. This includes an £84,000 accommodation allowance.
The Daily Mail saw its circulation rise in 2003 for the 11th year running, although it only added a total of 6,000 copies. The Mail on Sunday was also up on the previous year.
Dacre, aged 55, has been at the company since 1979. He was made editor of the Daily Mail in 1992 and editor-in-chief of Associated Newspapers in 1998, when he joined the DMGT board.
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