annual report 2011

IOOF | annual report 2011
1. Remuneration and Nominations Committee
Committee members
Mr Ian Blair (Chairman)
Mr Ian Griffiths
Mr George Venardos
Dr Roger Sexton
Role of the Committee
The role of the Remuneration and Nominations Committee is to ensure that a coherent reward
framework is in place within the Group. This framework considers the adequacy of remuneration
policy and practices and includes:
a Determination of Managing Director and Senior Executive remuneration arrangements;
b Remuneration policy and structures applicable to Non-Executive Directors;
c Ensuring that succession planning and development plans are in place for Senior Executives;
d On-going review and monitoring of short term and long term incentive schemes;
e Assessment of Managing Directors’ performance against company performance;
f Industrial agreements and the overall compensation arrangements of the Group; and
g Ongoing review of the composition, skill base and performance of the Non-executive
Director component of the Board.
2. Key management personnel
The purpose of the remuneration report is to set out the remuneration arrangements for Key Management Personnel (KMP) and the
five most highly paid senior executives of the Group in accordance with AASB 124 Related Party Disclosures and section 300A of the
Corporations Act 2001.
The information provided in this remuneration report has been audited as required by section 308(3C) of the Corporations Act 2001
unless otherwise stated.
Name
Position
Non-Executive Directors
Mr Ian Blair
Chairman
Mr Ian Griffiths
Non-Executive Director
Ms Jane Harvey
Non-Executive Director
Mr James Pfeiffer Non-Executive Director (retired 30 June 2011)
Dr Roger Sexton
Non-Executive Director
Mr George Venardos
Non-Executive Director
Executive Director
Mr Christopher Kelaher
Managing Director
Senior Executives
Mr Stuart Abley
Head of Consultum Financial Services
Mr Michael Carter
Head of Advice Division
Mr David Coulter
Chief Financial Officer
Mr Stephen Merlicek
Chief Investment Officer
Mr Renato Mota
General Manager Distribution
Mr Gary Riordan
Group General Counsel & General Manager Trustee Services
Other Specified Executives (1)
Mr Anthony Patterson
Managing Director – Perennial Investment Partners Ltd
Mr Karl Morris
Executive Chairman of Ord Minnett Group (70% owned subsidiary)
Mr Tim Gunning
Chief Executive Officer of Ord Minnett Group (70% owned subsidiary)
(1) Remuneration report disclosures include key management personnel and the five most highly remunerated executives. Other specified executives, as set out in the
table above, are not considered key management personnel. Accordingly these employees have not been included in key management personnel disclosures in
note 33 of the financial report.
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