Corporate Governance

9. Remunerate Fairly and Responsibly

Remuneration Policies

Non-Executive Directors
Fees including statutory superannuation paid to non-executive directors will generally be around the market average.

Directors will not be entitled to a retirement benefit.
Directors will not participate in share or option plans except with the approval of the shareholders.

Currently, the fee level is $20,000 per non-executive director per annum and the Chairman $40,000 per annum. The total amount that may be payable by the Consolidated Entity by way of directors’ fees is subject to approval by shareholders.

Senior Executives
Remuneration packages will generally be set to be competitive to both retain executives and attract executives to the company. At this stage of the development of the Consolidated Entity’s main project, the majority of executives consult by way of contract.

For further information refer to the Remuneration Report included in the Directors’ Report.

10. Recognize the Legitimate Interests of Stakeholders

The Consolidated Entity observes the principles recommended by the ASX Corporate Guidance Council.
The Consolidated Entity acknowledges community and legal standards with respect to anti-discrimination at all levels, particularly with respect to employees and contractors.
The Consolidated Entity acknowledges community and legal standards with respect to occupational safety and health.

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