Telstra 2008 Annual Report Download - page 78
Download and view the complete annual report
Please find page 78 of the 2008 Telstra 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.-
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 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
 |
 |
75
Telstra Corporation Limited and controlled entities
Remuneration Report
Dear Shareholder,
Telstra is pleased to present its Remuneration Report (the Report) for fiscal year 2008. Telstra and its Remuneration Committee seek to
inform shareholders on matters of executive remuneration in a clear and understandable way. Based on shareholder feedback, we have
this year created an executive summary that outlines our remuneration framework and strategy and describes how they are connected
to Telstra’s business objectives and our commitment to creating shareholder value.
The Remuneration Committee is responsible for reviewing and recommending to the Board the remuneration policy, strategy, and
structure for Telstra’s Board, the CEO, and senior executives. In carrying out its functions the Remuneration Committee seeks external,
independent advice and information.
Our remuneration philosophy is designed to attract and retain world-class Board and executive talent; to create a performance culture
by driving and rewarding executive performance focused on the achievement of the company’s strategy and business objectives; and to
link incentive, at-risk remuneration to the creation of shareholder value.
Accountability to shareholders is very important to Telstra and we are committed to simple and transparent reporting while protecting
commercially-sensitive information. In the last year we have engaged directly with a significant number of shareholders and taken their
feedback into consideration in the design of this year’s plan and the Report.
The executive summary also highlights Telstra’s key accomplishments for the past year and describes how our remuneration plans are
linked to Telstra’s transformation into a world-class media communications company. The full Report follows providing more detailed
information on how Telstra incentivises its executives to drive the company to achieve its goals.
We hope this executive summary assists your review of the Report. On behalf of the Board, I commend the Report for your attention.
Charles Macek
Chairman, Remuneration Committee