Page 53 - Sundance Resources Ltd Annual Report 2013

SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2013 51
directors’ report (continued)
FOR THE YEAR ENDED 30 JUNE 2013
12. REMUNERATION REPORT OVERVIEW
The remuneration report, which forms part of the Directors’ report, sets out information about the remuneration of
Key Management Personnel (‘KMP’) of the Company for the financial year ended 30 June 2013.
Contents
Section What it covers
Message from the
NRC Chairman
12 Remuneration Report
Overview
Content of the Remuneration Report
12.1 Nomination &
Remuneration Committee
The Nomination and Remuneration Committee (NRC),
composition and activities
12.2 Key Management
Personnel details
Shows the individuals comprising the Key Management
Personnel (Non-Executive Directors and Executives)
12.3 Remuneration Policy Describes the key principles that underpin the Company’s remuneration
strategy and how the outcomes for KMP are determined, including the
use of external remuneration consultants
12.4 Relationship between
Remuneration Policy and
Company Performance
Describes the structure of at risk remuneration (Short and Long Term
plans) and explains how it underpins the Company performance
12.5 Remuneration of Directors
and Executives
Details total remuneration for KMP in 2013 and 2012, calculated
pursuant to legislative and accounting requirements
12.6 Short Term Incentive
(‘STI’) Payments
Outlines the Key Performance Indicators (‘KPI’), assessment
process and outcomes of the 2012 STI payments
12.7 Long Term Incentives (‘LTI’)
and Share based Payments
Outlines the KPIs, assessment process and outcomes
of the components of the 2012 LTI plan
12.8 Key terms of employment/
consulting contracts
Summarises key service contract terms,
including termination entitlements
12.1 Nomination and Remuneration Committee,
composition and activities
The Nomination and Remuneration Committee (‘NRC’) has been set up to assist the Board in nomination
and remuneration related matters. The members of this Committee are:
Mr Barry Eldridge (Chairman);
Ms Fiona Harris; and
Mr Andrew (Robin) Marshall.
During the year, the Nomination and Remuneration Committee has:
• Reviewed the Company Remuneration Policy
• Reviewed Company achievement against 2012 Calendar Year Key Performance Indicators (KPIs);
• Supervised the setting of Company 2013 Calendar Year KPIs;
• Supervised the application of STI and LTI Plans;
• Monitored internal and external remuneration relativities;
• Set Individual KPIs for and reviewed the performance of the Managing Director & CEO;
• Ensured that KPIs are aligned with corporate objectives;
• Approved short and long-term incentive opportunities for eligible staff;
• Reviewed the Sundance Board size and composition;
• Evaluated workplace diversity in accordance with the Company’s Diversity Policy;