Impact Minerals Ltd Annual Report 2023 33 Directors’ Report continued REMUNERATION REPORT (AUDITED) The Directors present the Impact Minerals Limited 2023 Remuneration Report, outlining key aspects of the Company’s remuneration policy and framework, and remuneration awarded this year. The report contains the following sections: a) Key management personnel covered in this report b) Remuneration governance and the use of remuneration consultants c) Executive remuneration policy and framework d) Relationship between remuneration and the Group’s performance e) Non-executive director remuneration policy f) Voting and comments made at the Company’s last Annual General Meeting g) Details of remuneration h) Service agreements i) Details of share-based compensation and bonuses j) Equity instruments held by key management personnel k) Loans to key management personnel l) Other transactions with key management personnel. A) KEY MANAGEMENT PERSONNEL COVERED IN THIS REPORT Non-Executive and Executive Directors (see pages 30 to 32 for details about each director) Name Position Peter Unsworth Non-Executive Chairman Michael Jones Managing Director Paul Ingram Non-Executive Director Frank Bierlein Non-Executive Director B) REMUNERATION GOVERNANCE AND THE USE OF REMUNERATION CONSULTANTS The Company does not have a Remuneration Committee. Remuneration matters are handled by the full Board of the Company. In this respect the Board is responsible for: – the over-arching executive remuneration framework; – the operation of the incentive plans which apply to executive directors and senior executives (the executive team), including key performance indicators and performance hurdles; – remuneration levels of executives; and – non-executive director fees. The objective of the Board is to ensure that remuneration policies and structures are fair and competitive and aligned with the long-term interests of the Company. In addition, all matters of remuneration are handled in accordance with the Corporations Act requirements, especially with regards to related party transactions. That is, none of the Directors participate in any deliberations regarding their own remuneration or related issues. Independent external advice is sought from remuneration consultants when required, however no advice was sought during the year ended 30 June 2023.
RkJQdWJsaXNoZXIy MjE2NDg3