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to non-executive directors.It is the policy of the Company to not have any elements of non-executive director remuneration at risk. Specifically, non-executive directors do not receive any bonus payments and are not entitled to participate in any Company share option plans.Forpersonaluseo
REMUNERATION REPORT (continued)FY2017 Non-Executive Director RemunerationFor FY2017, non-executive director fees will be increased by 3% (rounded to the nearest $1,000) to take account of inflation since they were last increased in FY2015 (the FY2015 increases being the first increases since October 2010).The Remuneration Committee will continue to review remuneration for non-executive directors on an annual basis in order to ensure that the objectives set out above in respect of non-executive directors’ remuneration are met.OTHER INFORMATIONBoard Policy with regard to executives limiting their exposure to risk in relation to equity optionsThe Company’s Securities Trading Policy prohibits directors, executives, senior management and other specified employees from altering the economic benefit or risk derived by them in relation to any unvested equity options that they hold. The Policy also requires directors and executives to obtain prior written approval from the chairman before altering the economic benefit or risk derived by them in relation to any shares or options in JB Hi-Fi held by them. Each year directors and executives are required to sign a declaration that they are in compliance with all elements of the JB Hi-Fi Securities Trading Policy. These declarations have been received in relation to the 2016 financial year from all directors and executives.KEY MANAGEMENT PERSONNEL COMPENSATIONKey management personnel for FY2016 include the non-executive directors and the eight identified executives. The aggregate compensation of the key management personnel of the Group for FY2016 is set out below:Consolidated2016$2015$Short-term employee benefitsSalary and fees4,576,9834,332,490Bonus2,728,9031,406,286Other397,4341,172,3867,703,3206,911,162Post-employment benefitsSuperannuation284,502265,636284,502265,636Share based paymentsCurrent period expense1,751,6811,253,128Prior periods expense write-back–(393,573)1,751,681859,5559,739,5038,036,353Forpersonaluseo
The compensation for each member of the key management personnel of the Group is set out below:Short-term employee benefitsPost-employ-mentbenefitsShare based payments(iii)2016(i)Salary &feesBonus(iii)$$Other(iv)$Totalshort-termemployeebenefits$Super-annuation$PriorCurrentperiodsperiodexpenseexpense(ii) write-back(ii)$$TotalShare basedpayments$Total$Non-executivedirectorsG. Richards270,692––270,69219,308–––290,000B. Laughton151,683––151,68314,410–––166,093G. Levin131,000––131,00025,000–––156,000W. Tang105,206––105,2069,995–––115,201R. Uechtritz118,721––118,72111,279–––130,000J. King47,489––47,4894,511–––52,000824,791––824,79184,503–––909,294ExecutivesR. Murray1,141,813960,00028,1872,130,00030,000590,596–590,5962,750,596C. Trainor789,143642,85733,0001,465,00035,000550,761–550,7612,050,761P. Green512,500329,90620,000862,40630,000319,469–319,4691,211,875N. Wells370,000252,00020,000642,00030,000134,585–134,585806,585T. Carter385,000261,00020,000666,00030,000112,987–112,987808,987S. Page270,577235,14015,462521,17923,19241,242–41,242585,613J. Saretta66,15448,0003,077117,2314,6152,041–2,041123,887K. Ramsdale217,005–257,708474,71317,192–––491,9053,752,1922,728,903397,4346,878,529199,9991,751,681