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Washington H. Soul Pattinson and Company Limited
Annual Report 2016
38
Directors' Report
– Remuneration Report
5. Remuneration expenses for KMP
(i) Remuneration of the KMP of the Consolidated Entity:
Short-term
Benefits
Post-
Employment
Benefits
Long-term
Benefits
Share-based
Payments
Parent
Entity
Controlled
Entities
Salary
& Fees
STI
Non-
monetary
1
Super-
annuation
Long Service
Leave
Termination
Benefits
LTI
Rights
2
Total
$
$
$
$
$
$
$
$
$
$
Non-executive Directors – 2016
R D Millner
329,109 367,058 624,883
– 27,892
43,392
–
–
– 696,167
M J Hawker
181,708
– 165,943
–
– 15,765
–
–
– 181,708
T C D Millner
158,583
92,659 192,404
– 39,895
18,943
–
–
– 251,242
W M Negus
168,791
– 154,147
–
– 14,644
–
–
– 168,791
R GWestphal
191,499
– 174,885
–
– 16,614
–
–
– 191,499
D E Wills
182,291
27,375 191,476
–
– 18,190
–
–
– 209,666
1,211,981 487,092
Executive Directors – 2016
T J Barlow –
Managing Director
1,431,363 202,575 1,103,166 350,150
(1,450)
36,909
34,839
– 110,324 1,633,938
M R Roderick –
Finance Director
896,179
– 610,241 170,082
(1,053)
29,940
19,477
– 67,492 896,179
Other KMP – 2016
I D Bloodworth
416,224
– 301,939
44,799
16,566
28,468
6,801
– 17,651 416,224
S O Stephan
– 1,416,052 1,247,833
–
9,740
19,385
11,520
– 127,574 1,416,052
B D Denney
3
– 410,715 312,686
–
9,930
7,111
10,682 136,316 (66,010)
410,715
A L Boyd
4
– 465,134 389,709
– 38,728
14,370
22,327
–
– 465,134
M J Busch
– 635,825 546,028
–
(990)
19,305
9,796
– 61,686 635,825
Total
3,955,747 3,617,393 6,015,340 565,031 139,258 283,036 115,442 136,316 318,717 7,573,140
1. Non-monetary remuneration includes salary sacrificed fringe benefits and movements in annual leave provisions.
2. The LTI rights expense is determined by amortising the fair value of the rights over the vesting period of the rights. Refer to item 7.
Share-based Compensation on page 41 of this report.
3. Mr B D Denney resigned as Chief Operating Officer of New Hope on 18 December 2015. The negative share based payment amount reflects
rights forfeited.
4. Mr A L Boyd was appointed as the Chief Operating Officer of New Hope on 21 December 2015.