ANNUAL Report June 2023 Directors’ Report 13 The following table sets out the number of meetings of committees of Directors held during the financial year and the number of meetings attended by each Director (while they were a committee member): Remuneration & Nomination Committee Audit Committee Risk Committee Director Meetings Eligible to Attend Meetings Attended Meetings Eligible to Attend Meetings Attended Meetings Eligible to Attend Meetings Attended O. Kleinhempel 2 2 2 2 1 1 S. Layton 2 2 2 2 1 1 R.D. Morrow 2 2 2 2 1 1 Z.P. Yeo 2 2 2 2 1 1 Share Options and Performance Rights No Share Options nor Performance Rights were granted during the reporting period, as remuneration, to Key Management Personnel of the Group. There are 130,782,346 unissued ordinary shares of EQ Resources under vested options at the date of this report, 33,250,000 of which relate to options issued to Key Management Personnel. Refer to Remuneration Report for further details. Remuneration Report - Audited This report for the year ended 30 June 2023 outlines the remuneration arrangements for the Group in accordance with the requirements of the Corporations Act 2001 (the Act) and its regulations. This information has been audited in accordance with section 308(3C) of the Act. The Remuneration Report details the remuneration arrangements of Key Management Personnel (KMP) who are defined as those persons having the authority and responsibility for planning, directing and controlling the major activities of the Group, directly or indirectly, including any Director (whether executive or otherwise) of the parent company. For the purposes of this report, the term ‘Executive’ includes the executive directors, senior executives and general managers of the Group, whilst the term ‘NED’ refers to Non-Executive Directors only. The Remuneration Report is set out under the following main headings: (a) Policy Used to Determine the Nature and Amount of Remuneration; (b) Key Management Personnel; (c) Details of Remuneration; (d) Cash Bonuses; (e) Equity Instruments; (f) Options and Performance Rights Granted as Remuneration; (g) Equity Instruments Issued on Exercise of Remuneration Options or Rights; (h) Service Agreements; and (i) EQ Resources’ Financial Performance. EQ Resources Limited Annual Report 2023 55
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