Director policies & disclosures

BOARD POLICIES & DISCLOSURES

Director remuneration

The Independent Chairman’s remuneration is determined by the Board. 

The remuneration of Directors other than the Chairman of the Board is approved by the stakeholders of legalsuper. 

Remuneration is indexed annually for a cost of living adjustment. 

Travel, accommodation and other incidental costs associated with the Directors’ roles are paid or reimbursed by legalsuper. 

The remuneration paid to individual Directors differs, reflecting that some Committees meet more often than others and the Chair of each Committee is paid an additional amount for the extra work involved. 

The remuneration paid to each Director in each of the past two financial years was as follows:

Director performance evaluation & review 

The Board has adopted a number of formal process to review and monitor its ongoing performance, including: 

a) Each Director has a position description which sets out key performance indicators. 

b) Each year the Independent Chairman meets with each Director to discuss the operation and effectiveness of the Board. 

c) The Independent Chairman reports his findings from these discussions to the Board. 

d) The Board assesses the performance of the Independent Chairman. 

The attendance at meetings of the Board and its Committees for the year ended 30 June 2016 was as follows: 

 

Board Meeting Attendance for Financial Year 

 

 

Financial year ending 30 June

2017

2016

2015

2014

2013

2012

2011

 Date Appointed

Date Retired

Meetings held 7 6 6 8 9 8 6    
Meetings attended                   
David A. Miles AM 7 6 6 8 9 8 6 01/08/2005  
John Evans   4 6 8 8 8 6 04/04/2004 31/03/2016
Ros Everett 5 6 6 7       20/06/2013 31/03/2017
Geoff Hone 7 6 5 7 9 8 6 20/01/2010  
Phil Kennon QC 7 6 6 8 9 8 5 09/06/2009  
Chris Joyce 7 6 5 7 9 7 5 28/02/2005  
Emma Maiden 6 6 5 7 6 7 5 29/09/2008  
Vicki Rogers 6 6 5 7 7 8 6 18/10/2002  
Stuart Westgarth   3 6 8 8 2   01/04/2012 31/03/2016
Linda White 5 6 5 5 9 6 5 24/08/1993 31/03/2017
Richard Fleming 6 1           02/06/2016  
Coralie Kenny 7 1           02/06/2016  
Andrew Gerrit Boog 1             28/04/2017  
Carita Kazakoff 2             27/04/2017