from the FY21 reportAs it turned out, Codan had another all-time...

from the FY21 report
As it turned out, Codan had another all-time record result for
FY21. From the board’s perspective, what was most pleasing
was the heightened level of teamwork and camaraderie across
our total executive team and a significant increase in co-operation
across business units. This pooled approach to STI’s with some
modifications and improvements will also apply to the FY22 STI
program and to future years. We are committed to providing
additional disclosures next year in relation to the new STI program
and in particular the key specific and quantified profitability and
other metrics applying to the Managing Director and the senior
executive team. A key change to the FY22 STI program will be
the inclusion of stage gates for each executive, the achievement
of which will determine what percentage of that executives
STI pool will be paid. The profit pool rate of 2.4% will also be
reduced to 2.0%. As always, the payment of an STI will be subject
to the Board’s discretion having considered the executives
compliance with Codan’s core values which will also consider
sustainability objectives.