IGO Annual Report 2016

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44 Independence Group NL
DIRECTORS’ REPORT
Directors' report
30 June 2016
(continued)
Remuneration report
The Remuneration Report for the year ended 30 June 2016 outlines the Director and executive remuneration
arrangements of the Company in accordance with the requirements of the Corporations Act 2001 and its regulations.
For the purposes of this report, Key Management Personnel (KMP) of the Group are defined as those persons having
authority and responsibility for planning, directing and controlling the major activities of the Group, directly or indirectly,
including any Director, whether executive or otherwise of the Company. For the purposes of this report the term
“Executive” includes the Managing Director, Chief Operating Officer, Chief Financial Officer, Chief Growth Officer,
Sustainability Manager, Organisational Capability Manager and Company Secretary.
Details of KMP covered in this report
Non-executive and executive Directors (see pages 41 to 42 for details about each Director)
Peter Bilbe Chairman
Peter Bradford Managing Director
Peter Buck Non-executive Director
Geoffrey Clifford Non-executive Director
Keith Spence Non-executive Director
Neil Warburton (from 12 October 2015) Non-executive Director
Mark Bennett (from 12 October 2015 until 31 May
2016)
Non-executive Director
Other key management personnel
Name Position
Keith Ashby Sustainability Manager
Rob Dennis (from 1 March 2016) Chief Operating Officer
Matt Dusci Chief Growth Officer
Joanne McDonald (from 5 October 2015) Company Secretary
Sam Retallack Organisational Capability Manager
Scott Steinkrug Chief Financial Officer
Brett Hartmann (until 29 February 2016) General Manager, Operations
Tony Walsh (until 9 October 2015) Company Secretary and General Manager, Corporate
1. Prior to being appointed Chief Operating Officer, Mr Dennis held the role of General Manager, Project Development (from 22
September 2015) and prior to that Chief Operating Officer of Sirius Resources NL.
2. Mr Hartmann now holds the role of General Manager, Nova.
Remuneration Committee
The Company’s Remuneration Committee (Committee) is made up entirely of non-executive directors, the majority of
whom are independent. The Committee is charged with assisting the Board by reviewing and making appropriate
recommendations on the following:
• the Company’s remuneration policy and structure annually, to ensure it remains aligned to business needs and
meets the Company’s remuneration principles (including determining total fixed remuneration (TFR), short-term
incentive (STI) key performance indicators and long-term incentive (LTI) performance hurdles, and vesting of
STIs/LTIs);
• an executive remuneration policy for KMP (including reviewing and monitoring the ongoing appropriateness and
relevance of the policy);
• equity based remuneration plans for KMP and other employees;
• superannuation arrangements; and
• remuneration by gender.
The Committee, chaired by Peter Buck, held five meetings during the year. Messrs Bilbe, Clifford, Spence and
Warburton are also Committee members. The Managing Director is invited to attend those meetings which consider the
remuneration strategy of the Group and recommendations in relation to Executives.
Further information on the Committee’s role, responsibilities and membership can be found at .
Independence Group NL 15