Air New Zealand 2014 Annual Report Download - page 66

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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 20141:
NAME
DIRECTORS’
FEES
COMMITTEE
FEES
TOTAL
REMUNERATION
VALUE฀OF฀TRAVEL
ENTITLEMENT฀
2
Tony Carter3 (Chairman) 228,375 7,500 235,875 48,304
Jan Dawson (Deputy Chairman) 100,125 40,000 140,125 34,163
Paul Bingham 90,000 17,500 107,500 54,440
Jim Fox 90,000 60,000 150,000 6,190
Roger France 90,000 40,000 130,000 45,392
Rob Jager 90,000 17,500 107,500 34,947
Linda Jenkinson47,500 833 8,333 16,533
Jonathan Mason530,000 9,167 39,167 4,694
John Palmer667,500 60,000 127,500 5,800
Total 793,500 252,500 1,046,000 250,463
1. No employee of the Group received or retains any remuneration or other benefits as a director of any subsidiary company.
2. Includes value of travel benefits for related parties and benefits accrued in prior years availed in current year.
3. GST exclusive.
4. Appointed 1 June 2014.
5. Appointed 1 March 2014.
6. Retired 31 March 2014.
DIRECTORS’ REMUNERATION
AIR NEW ZEALAND ANNUAL FINANCIAL REVIEW 201464