Qantas 2011 Annual Report Download - page 29

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27 ANNUAL REPORT 2011
for the year ended 30 June 2011
Corporate Governance Statement continued
THE BOARD REMUNERATES FAIRLY AND RESPONSIBLY
The Qantas Executive Remuneration Objectives and Approach
is set out in full in the Directors’ Report (from page ).
Remuneration Committee
The Board has a Remuneration Committee which:
— Has three members who are Independent Non-Executive Directors
— Is chaired by James Strong, an Independent Non-Executive Director
— Has a written Charter which is available in the Corporate
Governance section on the Qantas website
— Is responsible for assisting the Board in fullling its corporate
governance responsibilities in regard to remuneration matters
including:
– The remuneration framework for Non-Executive Directors
– The remuneration and incentive framework, including any
proposed equity incentive awards for the CEO, any other
Executive Directors, Executive Committee Members and
Senior Executives
– Recommendations and decisions (as relevant) on remuneration
and all incentive awards for the CEO, any other Executive
Directors and Executive Committee Members
– Strategic human resources policies
The experience and qualications of Members of the Remuneration
Committee are detailed on pages  and . Membership of and
attendance at / Remuneration Committee Meetings are
detailed on page .
The remuneration of Executive Management is disclosed to the extent
required in the Remuneration Report from page .
Qantas Directors are entitled to statutory superannuation and certain
travel entitlements (accrued during service) which are reasonable
and standard practice in the aviation industry (see page ).
Review of Executive Management Performance
At least annually, the Remuneration Committee undertakes a review
of the performance of Executive Management against their Key
Performance Indicators (KPIs). The process for evaluating the
performance of Executive Management is detailed from page .
Executive Management’s performance for the / year was
assessed against individual KPIs in August . The structure of
Non-Executive Directors’ remuneration is detailed on page .