AJ Lucas Group Limited Annual Report 1999

AJ Lucas Group Limited and its controlled entitiesDirectors’ Report for the year ended 30 June 1999Directors’ and senior executives’ emolumentsThe Board of Directors is responsible for setting remuneration policies and packages applicable to the Board membersand senior executives of the Company. The remuneration policy is to ensure the remuneration package properlyreflects the person’s duties and responsibilities, and that remuneration is competitive in attracting, retaining and motivatingpeople of the highest quality.Executive directors and senior executives may receive bonuses related to the performance of the consolidated entity(including operational results and cash flow). Non executive directors do not receive any performance related remuneration.Details of the nature and amount of each major element of the emoluments of each director of the Company and eachof the five named officers of the Company and the consolidated entity receiving the highest emolument are:Base Non-cash Superannuationemolument Bonuses benefits contributions TotalDirectors $ $ $ $ $Mr A S Campbell 155,671 — 10,000 — 165,671Mr A J Lukas 132,337 50,000 25,000 7,200 214,537Mr I Stuart-Robertson 19,000 — — — 19,000Mr T G O’Meally 4,000 — — — 4,000Mr M J Green 4,000 — — — 4,000OfficersThe Company and consolidated entityMr K D Lester 92,000 25,000 — 6,750 123,750Mr R Lane 23,972 — 3,596 1,798 29,366Mr D Sinclair 20,820 — — 1,562 22,382OptionsSince the end of the financial year, the Company has granted options to purchase unissued ordinary shares to the followingdirectors and senior executives:Number of optionsExercisegranted price Expiry dateDirectorsMartin Green 50,000 $1.00 31 July 2002Garry O’Meally 50,000 $1.00 31 July 2002ExecutivesKevin Lester 150,000 $1.00 31 July 2002Ross Lane 100,000 $1.00 31 July 2002Stephen Loneragan 50,000 $1.00 31 July 2002Adam Binning 50,000 $1.00 31 July 2002At the date of this report unissued ordinary shares of the Company under option are:Expiry date Exercise price Number of options31 July 2002 $1.00 450,000All options expire on the earlier of their expiry date or termination of the employee’s employment.PAGE 14