Remuneration committee

The Remuneration committee aims to ensure that remuneration is consistent with market practice and that the company is able to attract, develop and retain Directors, executives and employees.

Chair

Trevor Bourne

Members

Helen Nugent, Kevin McCann, Gordon Cairns, Bruce Beeren

Charter

The Remuneration committee charter  (94 KB) outlines the committee's responsibilities, composition, frequency of meetings, authority and the charter review process.

The Remuneration report  (192 KB) for the year ended 30 June 2009 outlines the company's remuneration policy, remuneration structure and amounts paid to Directors and Senior Executives.

Long-term incentives have been provided by the issuance of options under the shareholder approved Senior Executive Option Plan. The performance hurdles are measured by comparing Total Shareholder Return (TSR) of the company relative to the TSR of a group of comparable companies during the exercise period of the options. Details of the reference group for each tranche of options on issue is available.

Submissions to government