Annual Report 2011 - Syrah Resources Ltd

Syrah Resources Limited
Directors' report
30 June 2011
The combination of these comprises the executive's total remuneration.
Fixed remuneration, consisting of base salary, superannuation and non-monetary benefits, are reviewed annually by
the Board, based on individual and business unit performance, the overall performance of the consolidated entity and
comparable market remunerations.
Executives can receive their fixed remuneration in the form of cash or other fringe benefits (for example motor vehicle
benefits) where it does not create any additional costs to the consolidated entity and adds additional value to the
executive.
The long-term incentives ('LTI') includes long service leave.
Consolidated entity performance and link to remuneration
The remuneration policy has been tailored to increase goal congruence between shareholders, directors and
executives. The achievement of this aim has been through the issue of options to directors and executives to
encourage alignment of personal and shareholder interests. The options provide an incentive to the recipients to
remain with the Company and continue to work to enhance the Company's value.
B
Details of remuneration
Amounts of remuneration
Details of the remuneration of the directors, other key management personnel (defined as those who have the
authority and responsibility for planning, directing and controlling the major activities of the consolidated entity) and
specified executives of Syrah Resources Limited are set out in the following tables.
2011
Short-term benefits
Postemployment
Long-term Share-based
benefits benefits payments
Name
Non-Executive
Directors:
Mr T Eadie
Mr T Lees
Executive
Directors:
Mr A Campbell
Other Key
Management
Personnel:
Mr D Ogg *
Ms M Leydin **
Mr M Ware ***
Cash salary Non- Super- Long service Equityand
fees Bonus monetary annuation leave settled Total
$ $ $ $ $ $ $
43,200 - - 4,320 - - 47,520
30,000 - - 3,000 - - 33,000
153,200 - - 25,000 - - 178,200
50,000 - - - - - 50,000
10,000 - - - - - 10,000
234,253 - - - - 29,648 263,901
520,653 - - 32,320 - 29,648 582,621
*
**
***
Mr David Ogg resigned as Company Secretary on 6 May 2011.
Ms Melanie Leydin was appointed Company Secretary on 6 May 2011. Fees paid to Leydin Freyer Corporate Pty
Ltd in respect of Company Secretarial and Accounting services.
Mr M Ware is the Syrah Resources Saudi Arabia LLC General Manager
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