Principle 8 - Remunerate Fairly and Responsibly

DEXUS Place DEXUS Place, Sydney

8.1 Board People & Remuneration Committee

The Board People & Remuneration Committee oversees all aspects of:

  • Director and Executive remuneration
  • Director, Chief Executive Officer, and management succession planning

From 1 July to 28 October 2015, the Board People & Remuneration Committee was comprised of three Non-Executive Directors:

  • John Conde AO, Chair, Non-Executive Director
  • Chris Beare, Non-Executive Director
  • Penny Bingham-Hall, Non-Executive Director

Following Mr Beare’s departure from the DXFM Board, the members of the Board People & Remuneration Committee for the 8 months ending 30 June 2016 were:

  • John Conde AO, Chair, Non-Executive Director
  • Penny Bingham-Hall, Non-Executive Director
  • Richard Sheppard, Non-Executive Director

All members of the Committee are independent including the Chair. The Board People & Remuneration Committee met six times during the Reporting Period and each member attended all meetings. The Board People & Remuneration Committee charter is available at www.dexus.com/boardcommittees

The Chief Executive Officer and Executive General Manager, Customer and Marketing attend the Board People & Remuneration Committee meeting by invitation.

It is the practice of the Board People & Remuneration Committee to meet without executives, and non-committee members are not in attendance when their own performance or remuneration is discussed.

Details of the Group’s remuneration framework for Executives, Non‑Executive Directors and employees are set out in the Remuneration Report that forms part of the Directors’ Report contained in the 2016 DEXUS Financial Accounts starting on page 18. Policies and practices regarding the remuneration of Non-Executive Directors, Executive Directors and other executives are separately disclosed. There are no schemes for retirement benefits (other than compulsory contributions to superannuation) for Non-Executive Directors.