Air New Zealand 2015 Annual Report Download - page 56

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AIR NEW ZEALAND GROUP
54
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 20151:
Director’s
Fees
Committee
Fees
Total฀
Remuneration
Value฀of฀Travel฀
Entitlement2
Tony Carter3 (Chairman) 267,000 - 267,000 37,023
Jan Dawson (Deputy Chairman) 103,500 60,000 163,500 47, 574
Paul Bingham 90,000 17,500 107,500 7,006
Jim Fox4 16,666 8,334 25,000 1,406
Roger France 90,000 20,000 110,000 42,282
Rob Jager 90,000 32,083 122,083 29,173
Linda Jenkinson 100,000 - 100,000 42,543
Jonathan Mason 90,000 30,000 120,000 58,701
Total ฀847,166฀ ฀167,917฀ ฀1,015,083฀ ฀265,708฀
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. Resigned 31 August 2014.
The relevant interests of directors in Air New Zealand’s securities at the date of this Annual Report are summarised in the table below:
Benecial฀
Interest
At฀30฀June฀15
Shares
/฀Bonds
sold
Shares
/฀Bonds฀
purchased
Date฀of฀
Transaction
Cost Non-
benecial฀
Interest
Tony Carter Shares
Bonds
107,1891
30,0001
10,000 1 Sep 14 $21,900
Jan Dawson Shares
Bonds
20,0002
50,0002
Paul Bingham Shares
Bonds
5,000
50,000
Roger France Shares 27,0613934
Rob Jager Shares 24,500 24,500 11 Jul 14 $49,884
Linda Jenkinson Shares 0
Jonathan Mason Shares 29,0005
1. In custody by First NZ Capital for Loughborough Investments Limited.
2.฀ The฀ shares฀ and฀ bonds฀ are฀ owned฀ by฀ the฀ Kinross฀ Trust.
3. All shares are owned by the France Family Trusts of which Mr France is a discretionary beneficiary.
4. Mr France is a trustee of the Staff Share Purchase Scheme.
5. The shares are owned by the Trumbull Trust.
Directors’ Remuneration
Directors’ Interests in Air New Zealand Securities