Remuneration & Nomination Committee
The role of the Remuneration and Nomination Committee is to assist the Board in its oversight of remuneration policy and practice and Board member nominations. The committee considers a diverse range of matters related to its role, including:
- Senior Executive remuneration policy;
- Chief Executive Officer, Non-Executive and Executive Director remuneration policy;
- Short term and long term incentive plans;
- Recruitment, retention and termination policies;
- Succession planning;
- Nominations for Board positions and review of applicants for Board positions; and
- Board Committee appointments.
The committee operates in accordance with its charter as approved by the Board which is available in pdf format through the 'Related Downloads' section of this page.
The Remuneration and Nomination Committee consists of the following members:
- Mr Mark Barnaba as Chairman of Committee (Non-Executive, Independent Director)
- Mr Herb Elliott (Non-Executive, Independent Director)
- Mr Andrew Forrest (Non-Executive, Non-Independent Director)
- Mr Ken Ambrecht (Non-Executive, Independent Director)
- Mr Owen Hegarty (Non-Executive, Independent Director)
- Mr Herbert Scruggs (Non-Executive, Independent Director)
The Board has determined that from July 2011 membership of the Remuneration and Nomination Committee will be exclusive to Non-Executive Directors. The Chief Executive Officer and others may be invited to attend by the Committee Chairman, but will have no vote on matters before the Committee.
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