Air New Zealand 2008 Annual Report Download - page 65

Download and view the complete annual report

Please find page 65 of the 2008 Air New Zealand annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 76

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76

The directors’ remuneration is paid in the form of directors’ fees. Additional fees are paid to the Chairman and Deputy Chairman and in respect of work
carried out by individual directors on various Board Committees to reflect the additional responsibilities of these positions. The total of fees to be paid
to directors is subject to shareholder approval. Air New Zealand meets directors’ reasonable travel and other costs associated with Air New Zealand
business.
Directors received the following fees and remuneration from Air New Zealand Limited in the year to 30 June 2008 1
NAME FEES
COMMITTEE
FEES
TOTAL
REMUNERATION
VALUE OF TRAVEL
ENTITLEMENT
3
John Palmer (Chairman) 242,000 242,000 17,627
Roger France (Deputy Chairman)
93,000 44,750 137,750 51,082
Ken Douglas 80,000 16,500 96,500 24,069
Dr Jim Fox 80,000 25,500 105,500 18,544
Jane Freeman280,000 18,750 98,750 20,650
Warren Larsen 80,000 32,000 112,000 66,083
John McDonald 80,000 27,500 107,500 9,208
1. No employee of the Group received or retains any remuneration or other benefits as a director of any subsidiary company.
2. GST exclusive.
3. Includes value of travel benefits for related parties and benefits accrued in prior years availed in current year.
AIR NEW ZEALAND
DIRECTORS’ REMUNERATION
63