remuneration and performance
GROUP CHIEF EXECUTIVE REMUNERATION FOR PERFORMANCE PERIODS ENDING 30 JUNE 2018 AND 30 JUNE 2017
FIXED REMUNERATION
PAY FOR PERFORMANCE
TOTAL REMUNERATION
NON-TAXABLE BENEFITS 2
SALARY 1
SUBTOTAL
STI
SUBTOTAL
FY18
1,206,422
– 1,206,422
3
FY17
1,176,997
– 1,176,997 499,047 4
499,047
1,676,044
FIVE YEAR REMUNERATION SUMMARY
TOTAL REMUNERATION
% STI AWARDED AGAINST MAXIMUM
FY18
5
FY17
1,676,044
84.80%
FY16
1,575,454
74.40%
FY15
1,533,947
73.85%
FY14
1,501,316
74.73%
FY13
1,484,427
79.76%
1. Salary indicates fixed remuneration, inclusive of holiday pay as per New Zealand legislation. 2. No additional benefits. 3. STI for FY18 performance period has not been calculated (scheduled for review in October 2018). 4. STI for FY17 performance period (paid FY18). 5. Total Remuneration and STI data not available at this time.
DESCRIPTION OF THE GROUP CHIEF EXECUTIVE STI, SCHEME FOR PERFORMANCE PERIOD ENDING 30 JUNE 2018
PERFORMANCE MEASURES
PERCENTAGE OF MAXIMUM AWARDED
SCHEME
DESCRIPTION
STI
Set to a maximum of 50% of fixed remuneration for FY18 on-plan performance where the highest levels of both company and individual performance measures are achieved.
Company performance measures: • 40% Disciplined growth and cost efficiency. • 40% Customer and regulatory outcomes. • 20% Sustainability. Individual performance measures: • 25% Growth options. • 25% Policy and regulatory compliance. • 25% Sustainability and communications. • 25% Health and Safety.
If met, payment will be October 2018.
133
Vector://AR 18
Made with FlippingBook flipbook maker