Directors’ Report continued ANNUAL Report June 2022 Directors’ Report 13 Executives K.B. MacNeill Interim Chief Executive Officer & Senior Technical Advisor Chief Executive Officer 4 May 2020 1 April 2021 - - (c) Details of Remuneration Directors are entitled to remuneration out of the funds of the Company, but the remuneration of the Nonexecutive Directors may not exceed in any year the amount fixed by the Company in general meeting for that purpose. The aggregate remuneration of the Non-executive Directors has been fixed at a maximum of $200,000 per annum to be apportioned among the Non-executive Directors in such a manner as they determine. Directors are also entitled to be paid reasonable travelling, accommodation and other expenses incurred in consequence of their attendance at Board Meetings and otherwise in the execution of their duties as Directors. Details of the nature and amount of each element of the remuneration of each of the Key Management Personnel of the Company and the consolidated entity during the year ended 30 June 2022 are set out in the following tables: Short-term benefits Postemployment benefits $ Share-based payments 2022 Salary & fees $ Nonmonetary benefits $ Leave provisions $ Shares $ Performance rights and options1 $ Total $ % Performance based Directors O. Kleinhempel 48,000 - - - - 98,280 146,280 67.2% S. Layton 48,000 - - - - 39,312 87,312 45.0% R. Morrow 48,000 - - - - 39,312 87,312 45.0% Z.P. Yeo 48,000 - - - - 39,312 87,312 45.0% Executives K.B. MacNeill 300,000 105,004 21,343 1,806 - 76,167 504,320 15.1% Total KMP compensation 492,000 105,004 21,343 1,806 - 292,383 912,536 1 Performance rights and options do not represent cash payment to Directors or senior executives and performance rights / options granted may or may not be exercised by the Directors or executives. Short-term benefits Postemployment benefits $ Share-based payments 2021 Salary & fees $ Nonmonetary benefits $ Leave provisions $ Shares $ Performance rights and options1 $ Total $ % Performance based Directors O. Kleinhempel 48,000 - - 10,565 58,565 18.0% S. Layton 48,000 - - 4,226 52,226 8.1% R. Morrow1 14,000 - - 4,226 18,226 23.2% Z.P. Yeo 48,000 - - 4,226 52,226 8.1% Executives K.B. MacNeill2 226,457 47,560 18,655 814 68,923 362,409 19.0% K.Y. Cavallaro3 212,991 19,155 - 86,808 318,954 27.2% C.P. Godfrey4 18,333 77,229 - - 95,562 0.0% A.M. Wing5 8,000 - - - 8,000 0.0% Total KMP compensation 623,781 47,560 18,655 97,198 - 178,974 966,168 1 R. Morrow appointed Non-executive Director on 16 March 2021. 44 EQ Resources Limited Annual Report 2022
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