Principle 8 - Remunerate Fairly and Responsibly

Related key governance documents:

 

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

During the Reporting Period, the members of the Board People & Remuneration Committee were:

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

All members of the Committee are independent including the Chair. The Board People & Remuneration Committee met five times during the Reporting Period and each member attended all meetings. The Board People & Remuneration Committee Terms of Reference are 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 2017 Dexus Annual Report starting on page 32. 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.