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CIMIC Group Limited Annual Report 2016 |
Remuneration Report
ENGAGEMENT OF REMUNERATION CONSULTANTS
No remuneration recommendations (as defined by the Corporations Act) were provided by any advisor.
NON-EXECUTIVE DIRECTOR REMUNERATION
The Non-executive Directors who held office during 2016 are set out in the following table.
Non-executive Directors during 2016
Name
Title (at 31 December 2016)
Current Non-executive Directors
Russell Chenu
Independent Non-executive Director
José-Luis del Valle Pérez
Non-executive Director
Trevor Gerber
Independent Non-executive Director
Pedro López Jiménez
Non-executive Director
David Robinson
Non-executive Director
Peter-Wilhelm Sassenfeld
Non-executive Director
Current Alternate Directors
David Robinson
Alternate Director for Mr López Jiménez
Robert Seidler AM
Alternate Director for Mr del Valle Pérez and Mr Sassenfeld
Former Non-executive Director
Kirstin Ferguson
1
Independent Non-executive Director
1.
Dr Ferguson resigned as Non-executive Director effective 10 November 2016.
SETTING NON-EXECUTIVE DIRECTOR REMUNERATION
Remuneration for Non-executive Directors is designed to ensure that the Group can attract and retain suitably qualified and experienced
Directors. Fees are based on a comparison to the market for director fees in companies of a similar size and complexity.
In recognition of the additional responsibilities and time commitment of Committee Chairs and members, additional fees are paid to
Directors for Committee membership.
Non-executive Directors do not receive shares, options or any performance-related incentives.
Superannuation is payable to Australian-based Directors in addition to Board and Committee fees.
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