Governance and risk
Directors' Report
Financial statements
Assurance statements
Security holder information
Introduction Business performance Stakeholders Sustainability
Contents
Who is covered by the report This report covers Transurban’s KMP who have the authority and responsibility for planning, directing and controlling the Group’s activities, either directly or indirectly. This includes Executive KMP and Non-executive Directors.
In FY26, KMP were as follows:
Current Non-executive Directors Craig Drummond , Chair Mark Birrell Patricia Cross Marina Go Gary Lennon Timothy Reed Sarah Ryan Robert Whitfield Michael Wright (from 1 November 2025)
Current Executive KMP Michelle Jablko , Chief Executive Officer (CEO) and Managing Director Henry Byrne , Chief Financial Officer Simon Moorfield , Group Executive Customer and Technology David Clements , Group Executive Operations
Former Non-executive Directors Peter Scott (until 8 October 2025) Former Executive KMP Nicole Green , Group Executive Australian Markets (until 31 March 2026)
All KMP held their positions for the duration of FY26 unless otherwise stated
Our remuneration governance framework at a glance 1
Board Sets and oversees remuneration policy implementation. Remuneration, People and Culture Committee
Assists the Board in fulfilling its responsibilities in relation to the remuneration of the Chair of the Board and other Non-executive Directors, performance and remuneration of, and incentives for, the CEO and Senior Executives, remuneration strategies, practices and disclosures, and management programs to develop the capability of Transurban’s workforce and align to the Group’s purpose, strategy and culture. The Committee may request additional information from Management or external advisors where required. The Committee uses a range of inputs when assessing performance and outcomes of Executive KMP, including both what and how results have been achieved. Detailed performance assessments as well as audited financial results, external remuneration benchmarking and an overarching view to the organisation’s values and risk profile are taken into account. The Committee and the Board review relevant information and exercise discretion, and may adjust remuneration outcomes, including application of malus and clawback. Management
External Advisors The Committee may seek and consider advice from independent remuneration consultants where appropriate. Protocols are in place for the independent engagement of remuneration consultants and the provision of remuneration recommendations. During FY26, remuneration consultants only provided benchmarking data and insights into market practices to the Committee. No remuneration recommendations relating to KMP were provided by consultants.
Provide the Board and Remuneration, People and Culture Committee with information on financial, customer, employee, safety, ESG and risk matters which may impact remuneration. The CEO and the Group Executive, People and Culture attend Committee meetings, however they do not participate in formal decision making or in discussions involving their own remuneration.
1 Refer to the Governance and Risk section (page 72) for details of Transurban’s Governance Framework
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