It is the policy of the Company to not have any elements of non executive

It is the policy of the company to not have any

This preview shows page 74 - 79 out of 186 pages.

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
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REMUNERATION REPORT (continued) FY2017 Non-Executive Director Remuneration For 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 INFORMATION Board Policy with regard to executives limiting their exposure to risk in relation to equity options The 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 COMPENSATION Key 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: Consolidated 2016 $ 2015 $ Short-term employee benefits Salary and fees 4,576,983 4,332,490 Bonus 2,728,903 1,406,286 Other 397,434 1,172,386 7,703,320 6,911,162 Post-employment benefits Superannuation 284,502 265,636 284,502 265,636 Share based payments Current period expense 1,751,681 1,253,128 Prior periods expense write-back (393,573) 1,751,681 859,555 9,739,503 8,036,353 Forpersonaluseo
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The compensation for each member of the key management personnel of the Group is set out below: Short-term employee benefits Post- employ- ment benefits Share based payments (iii) 2016 (i) Salary & fees Bonus (iii) $ $ Other (iv) $ Total short-term employee benefits $ Super- annuation $ Prior Current periods period expense expense (ii) write-back (ii) $ $ Total Share based payments $ Total $ Non-executive directors G. Richards 270,692 270,692 19,308 290,000 B. Laughton 151,683 151,683 14,410 166,093 G. Levin 131,000 131,000 25,000 156,000 W. Tang 105,206 105,206 9,995 115,201 R. Uechtritz 118,721 118,721 11,279 130,000 J. King 47,489 47,489 4,511 52,000 824,791 824,791 84,503 909,294 Executives R. Murray 1,141,813 960,000 28,187 2,130,000 30,000 590,596 590,596 2,750,596 C. Trainor 789,143 642,857 33,000 1,465,000 35,000 550,761 550,761 2,050,761 P. Green 512,500 329,906 20,000 862,406 30,000 319,469 319,469 1,211,875 N. Wells 370,000 252,000 20,000 642,000 30,000 134,585 134,585 806,585 T. Carter 385,000 261,000 20,000 666,000 30,000 112,987 112,987 808,987 S. Page 270,577 235,140 15,462 521,179 23,192 41,242 41,242 585,613 J. Saretta 66,154 48,000 3,077 117,231 4,615 2,041 2,041 123,887 K. Ramsdale 217,005 257,708 474,713 17,192 491,905 3,752,192 2,728,903 397,434 6,878,529 199,999 1,751,681
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