Page 52 - Sundance Resources Ltd Annual Report 2013

50 SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2013
directors’ report (continued)
FOR THE YEAR ENDED 30 JUNE 2013
Dear Shareholder,
We are pleased to present the 2013 Remuneration Report.
Your directors are committed to the alignment of executive and senior management pay with shareholder interests.
Over the reporting period the Nomination and Remuneration Committee has convened on a regular basis to actively
implement its Charter which aims to assist the Board on matters relating to Board composition and performance
and to design and oversee the Company’s remuneration practices and policies.
One important matter through the period has been to balance retaining key personnel, whilst also maintaining
prudent cost management measures.
Establishing a clear link between remuneration, both fixed and at risk, and the direction and performance of the
Company has been a focus area of the Committee. Performance indicators and measures over the past year have
centred on the activities of securing funding, government approvals, resource levels, project progress, business risk
control and Health and Safety.
Over what has been a demanding year within the sector, and indeed within your Company, the stability of the Board
and the management team of the Company have been crucial in continuing to progress the Mbalam-Nabeba Iron
Ore Project. Through the achievement of hurdles which have de-risked our project the Company has been able to
present the Sundance project to potential strategic partners as a high value and stabilised investment.
Your directors continue to review the remuneration structure, drawing advice from independent sources,
as appropriate. We are mindful of the position of the Company and regularly review our policy and practices to
ensure they will deliver the Company objectives which result in the delivery of strong returns to our shareholders.
The Committee welcomes any feedback on this report and we look forward to your continued support.
Yours faithfully
Barry Eldridge
Chairman
Nomination & Remuneration Committee
Date - 29 September 2013