Telstra 2009 Annual Report Download - page 89

74
Telstra Corporation Limited and controlled entities
Remuneration Report
9.2 Non-executive Director Remuneration
(1) Includes fees for membership on Board committees.
(2) These payments relate to reimbursement received by directors for reasonable travelling, accommodation and other expenses incurred in travelling to or from meetings of the Board or
committees, or when otherwise engaged on company business. This also includes telecommunications and other services and equipment provided to directors to assist them in performing
their duties. From time to time, we may also make products and services available to directors without charge to allow them to familiarise themselves with our products and services and with
recent technological developments.
(3) Ms Livingstone became Chairman on 8 May 2009. Prior to this, Ms Livingstone held the position of Director of the Company.
(4) Mr Mullen became a Director of the Company on 1 July 2008.
(5) Mr Mullen and Mr Zeglis had no Superannuation component due to their respective off-shore and non-resident status for superannuation purposes.
(6) Mr Willcox and Mr Stocker received additional fees at an hourly rate of $450 per hour as compensation for their work on the NBN (National Broadband Network) Committee. As per rule 24.3(b)
of Telstra's constitution, which provides for treatment of payment for extra services, these fees are paid for out of the funds of the company and not the Directors Fee Pool and will form part
of their fiscal 2010 earnings.
(7) Mr McGauchie retired as Chairman and a Director of Telstra on 8 May 2009. After the date of retirement, Mr McGauchie was not considered to be a KMP. As a result, the above table only
includes remuneration during his period of service as a KMP.
(8) Ms Hutchinson retired as a Director of Telstra on 7 November 2007. After retirement, Ms Hutchinson was not considered a KMP. As a result, the above table only includes remuneration during
her period of service as a KMP.
(9) These payments have been calculated based on current elections by directors. As Directshares are allocated retrospectively on a 6 monthly basis, the actual amount may differ where, as a
result of changes to the remuneration structure for directors as explained in section 7.2, directors amend their election. Where this occurs the actual amount allocated to Directshares will be
proportionally adjusted and a corresponding change in fees will occur. This would result in no change to the total fees paid to individual directors.
Short Term Employee Benefits Post-employment
Benefits
Equity Settled
Share-based
Payments
Name Year Salary and Fees
(1) (9)
($)
Non-monetary
Benefits (2)
($)
Superannuation
($)
Directshare (9)
($)
Total
($)
Catherine B Livingstone
Chairman (3)
2009 241,907 - 23,745 63,958 329,610
2008 180,400 1,754 13,129 48,400 243,683
Geoffrey A Cousins
Director
2009 183,855 - 13,745 49,400 247,000
2008 160,664 - 13,129 43,445 217,238
Charles Macek
Director
2009 207,803 249 33,797 60,400 302,249
2008 206,249 2,090 19,535 56,400 284,274
John P Mullen
Director (4) (5)
2009 66,000 - - 154,000 220,000
2008 - - - - -
John M Stewart
Director
2009 83,397 - 100,000 45,849 229,246
2008 10,493 - 17,489 6,995 34,977
John W Stocker
Director (6)
2009 200,263 - 13,745 96,740 310,748
2008 151,792 1,012 28,972 95,594 277,370
Peter J Willcox
Director (6)
2009 154,902 - 87,123 56,400 298,425
2008 142,065 - 57,755 49,873 249,693
John D Zeglis
Director (5)
2009 181,600 - - 45,400 227,000
2008 165,600 - - 41,400 207,000
Donald G McGauchie
Chairman (7)
2009 374,400 18,318 76,932 112,833 582,483
2008 391,739 1,754 89,007 120,000 602,500
Belinda J Hutchinson
Director (8)
2009 - - - - -
2008 21,058 - 29,124 12,549 62,731
Total 2009 1,694,127 18,567 349,087 684,980 2,746,761
2008 1,430,060 6,610 268,140 474,656 2,179,466