Non- Executive Directors
Remuneration Surveys - Non-Executive Directors - Australia
Data in respect of the remuneration of non-executive chairmen and directors were extracted from the metalliferous mining, coal mining, the smelting, refining & petro-chemical industry, engineering & construction and upstream oil & gas databases to provide an enhanced database of resources industry remuneration. We are now able to provide a comprehensive report on non-executive remuneration across the resources industry.
The current Resources Industry Non-Executive Directors' Remuneration Report was published in December 2011. This year 103 companies (a 9 per cent increase over December 2010) contributed data to the survey in respect of 91 incumbent chairmen and 117 non-executive directors.
Rewards are examined in terms of basic fees, committee feees & long-term compensation. The relationships between Chief Executive Officer & Chairman remuneration and between Chairman & Non-Executive Director remuneration are analysed and explained. The impact of company size (e.g. Market Capitalisation & Shareholder Equity) are investigated. The data show clearly that there are strong & statistically robust relationships between company size and non-executive director remuneration.
Scope of the Survey
Set out below is a summary of the scope of the Resources Industry Non-Executive Directors' Remuneration Report:
- it covers non-executive roles in the resources industry;
- it addresses additional remuneration for committee duties and retirement;
- it examines the statistical associations between changes in organisation size and performance (e.g. market capitalisation or shareholder equity) and remuneration;
- it measures market movements during the past 12 months for matched samples of companies for each position; and,
- it examines the association between Chief Executive Officer and non-executive remuneration levels.
Participating Organisations
The following 103 mining & resources industry companies are represented in the December 2010 survey:
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