Page 42 - Sundance Resources 2014 Annual Report

40 SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2014
The NRC is mindful of the position of the Company and regularly reviews policies and practices to ensure the Company
continues to have the most appropriate remuneration systems in place to support our vision to become a leading global iron
ore producer.
Significant matters to note for the 2014 Financial Year remuneration are:
• There were no remuneration increases for executive KMP over the reporting period;
• The CEO elected to forgo any Short Term Incentive (STI) award for the 2013 calendar year;
• 2013 calendar year STI payments were made to eligible staff in ordinary shares;
• There were no increases to Non-Executive Director fees in this reporting period, and there have been no fee increases
for any Non-Executive Directors during their respective tenures; and
• There were no share based remuneration grants to Directors in the reporting period.
12.2 Key Management Personnel (‘KMP’) details
The following persons acted as KMP of the Company during and since the end of the reporting period:
Non-Executive Directors
George Jones Chairman
Wal King Deputy Chairman (appointed 30 May 2014)
Michael Blakiston Director
Barry Eldridge Director
Fiona Harris Director
Andrew (Robin) Marshall Director
David Southam Director (appointed 11 September 2013)
Executive Director
Giulio Casello Managing Director & Chief Executive Officer (‘MD/CEO’)
Other KMP
Robin Longley General Manager – Geology
David Meehan Chief Operating Officer & Project Director
Alan Rule Chief Financial Officer (commenced 1 July 2014)
After his resignation as CFO on 17 May 2013, Peter Canterbury provided some assistance in the form of consultancy
services up to November 2013.
There was no remuneration payment made to Mr Rule in the reporting period.
With the exception of Mr Longley, who is engaged under consultancy arrangements, all executive KMP are employed under
contracts of employment on a full time basis.
DIRECTORS’ REPORT
FOR THE YEAR ENDED 30 JUNE 2014
12. Remuneration Report (continued)
12.1 Nomination and Remuneration Committee, composition and activities (continued)