Twenty-First Century Fox 2002 Annual Report Download - page 53

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Directors and Senior Executives’ Remuneration (Continued)
[1] Other amounts comprise contributions to the Company pension plans and the cost of limited non-cash benefits in addition to
salary for executives in line with local country regulations and competitive market conditions.
[2] These options are valued using the Black-Scholes Option Pricing Model. These options are granted under the Company’s
various executive share option plans described in the Full Financial Report Note 25.
[3] All options are over preferred limited voting ordinary shares and were granted during the financial year.
[4] The exercise price of the options is A$11.27 and the options expire on 11 October, 2011 for each Non-executive Director.
[5] The exercise price is A$14.03 and the options expire on 30 August, 2011 for each Executive Director.
[6] The exercise price is A$12.55 and the options expire on 3 December, 2011 for each Officer.
[7] Includes US$5 million in compensation relating to the settlement of Mr. Carey’s employment agreement.
Directors’ Interests and Benefits
Information on Directors’ Shareholdings as at the date of this report are contained in the Full Financial Report Note 32.
Share Options
Details of the share options are disclosed in the Full Financial Report Note 25.
The options carry no right to participate in any other share issue and no options have been exercised by a Director, except as noted
in the Full Financial Report Note 32.
Indemnification of Directors
To the extent permitted by law, the Company has indemnified (fully insured) each Director, principal executive officer and secretary
of the Company.
The Company has agreed to indemnify these officers against any liability that may arise as a result of work performed in their
respective capacities.
The Directors have not included details of the nature of the liabilities covered or the amount of the premium paid in respect of the
Directors’ and Officers’ Liability and Legal Expenses insurance contracts as such disclosure is prohibited under the terms of the contract.
Rounding of Amounts
The parent entity is a company of the kind specified in Australian Securities and Investments Commission class order 98/0100.
In accordance with that class order, amounts in this report and the accompanying Concise Financial Report have been rounded off
to the nearest million dollars unless specifically stated to be otherwise.
This report is made and signed in accordance with a resolution of Directors.
K R Murdoch AC
Director
D F DeVoe
Director
14 August, 2002
52
Directors’ Report (Continued)
FOR THE YEAR ENDED 30 JUNE, 2002
THE NEWS CORPORATION LIMITED
Annual Report 2002