2012 Annual Report - Hong Kong Monetary Authority

REMUNERATION REPORT (continued)
1. Basis of Preparation
This Directors’ Remuneration Report has been prepared in accordance
with section 300A of the Corporations Act 2001 for the Company
and the consolidated entity for 2011 and 2012. Information in Table 6:
Non Statutory Remuneration has been prepared in accordance with
the presentation basis set out in Section 8.4. The information provided
in this Remuneration Report has been audited as required by section
308(3C) of the Corporations Act 2001, unless indicated otherwise,
and forms part of the Directors’ Report.
The Directors’ Remuneration Report is designed to provide shareholders
with an understanding of ANZ’s remuneration policies and the link
between our remuneration approach and ANZ’s performance, in
particular regarding Key Management Personnel (KMP) as defined
under the Corporations Act 2001. Individual outcomes are provided
for ANZ’s Non-Executive Directors (NEDs), the Chief Executive Officer
(CEO) and Disclosed Executives (current and former).
The Disclosed Executives are defined as those direct reports to
the CEO with key responsibility for the strategic direction and
management of a major revenue generating Division or who control
material revenue and expenses that fall within the definition of KMP
of the Company and of the Group.
2. Key Management Personnel (KMP)
The KMP disclosed in this year’s report are detailed in Table 1. A
number of movements occurred during 2012 which are summarised
as follows:
TABLE 1: KEY MANAGEMENT PERSONNEL
Name
Position
NEDs
Effective 1 April 2012, Ms Paula Dwyer was appointed as a NED.
DISCLOSED EXECUTIVES
In November 2011 ANZ announced the retirement of Mr Chris
Page, Chief Risk Officer (CRO), effective 16 December 2011, and
confirmed the promotion of Mr Nigel Williams into the role of
CRO immediately following Mr Page’s departure.
In February 2012 ANZ announced a number of senior management
and organisational changes to accelerate its super regional strategy,
support its growth and transformation, and strengthen succession
planning within its senior leadership group. Effective 1 March 2012:
– Mr Shayne Elliott was promoted from CEO Institutional to Chief
Financial Officer (CFO) (CFO designate from 1 March until 31 May
2012), succeeding Mr Peter Marriott who concluded in the role
on 31 May 2012. Mr Elliott also took on responsibility for Group
Strategy and Mergers and Acquisitions (M&A).
– Mr Alex Thursby was promoted from CEO Asia Pacific, Europe
and America to CEO International and Institutional Banking which
is focused on ANZ’s largest multi-national clients globally and
the growth and transformation of ANZ’s international franchise.
– Ms Joyce Phillips was promoted from Group Managing Director
Strategy, M&A, Marketing and Innovation to a new role of CEO
Global Wealth and Private Banking with responsibility for Wealth
Management and Private Banking globally. Ms Phillips retained
responsibility for Marketing, Innovation and Digital.
Term as KMP
in 2012
Non-Executive Directors (NEDs)
J Morschel Chairman – Appointed Chairman March 2010 (Director October 2004) Full Year
G Clark Director – Appointed February 2004 Full Year
P Dwyer Director – Appointed 1 April 2012 Part Year
P Hay Director – Appointed November 2008 Full Year
H Lee Director – Appointed February 2009 Full Year
I Macfarlane Director – Appointed February 2007 Full Year
D Meiklejohn Director – Appointed October 2004 Full Year
A Watkins Director – Appointed November 2008 Full Year
Chief Executive Officer (CEO)
M Smith CEO Full Year
Disclosed Executives – Current
P Chronican Chief Executive Officer, Australia Full Year
S Elliott
Chief Financial Officer – appointed 1 June 2012; Chief Financial Officer Designate from
1 March until 31 May 2012
Full Year
D Hisco Chief Executive Officer, New Zealand – appointed 13 October 2010 Full Year
G Hodges Deputy Chief Executive Officer Full Year
J Phillips CEO Global Wealth and Private Banking – appointed 1 March 2012 Part Year
A Thursby Chief Executive Officer, International & Institutional Banking – appointed 1 March 2012 Full Year
N Williams Chief Risk Officer – appointed 17 December 2011 Part Year
Disclosed Executives – Former
P Marriott Former Chief Financial Officer – concluded in role 31 May 2012, ceased employment 31 August 2012 Part Year
C Page Former Chief Risk Officer – retired 16 December 2011 Part Year
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