With respect to remuneration, as detailed in the Annual Report:
During FY18, the Company engaged BDO Remuneration and Reward (BDO) to provide a range of remuneration servicesincluding benchmarking of KMP remuneration. Mr Ostergaard's remuneration was a result of the formal remuneration review performed by BDO during the financial year.
The remuneration structures are designed to attract suitably qualified candidates, reward theachievement of strategic objectives, and achieve the broader outcome of creation of value for shareholders. Theremuneration structures take into account:
- the capability and experience of the Directors and senior executives;
- the Directors and senior executives ability to control the relevant performance;
- the entity’s performance; and
- the amount of incentives within each Directors and senior executive’s remuneration.
Remuneration packages include a mix of fixed remuneration and variable remuneration and short and long-termperformance-based incentives.
There will be a recording of the webinar available afterwards.
