Section 4 Non-executive Director Remuneration The remuneration of Non-executive Directors is determined by the Board within the maximum amount approved by shareholders in general meeting. Non-executive Directors are not entitled to retirement benefits other than statutory superannuation or other statutory required benefits. Non-executive Directors do not participate in share or bonus schemes designed for Executive Directors or employees. Total Realised Earnings Name Year Cash fees Superannuation Total $ $ $ Debra Bakker 2022 147,321 17,679 165,000 2021 127,854 12,146 140,000 Peter Bilbe1 2022 48,295 5,795 54,090 2021 237,442 22,558 260,000 Kathleen Bozanic 2022 147,321 17,679 165,000 2021 118,721 11,279 130,000 Peter Buck 2022 147,321 17,679 165,000 2021 127,854 12,146 140,000 Michael Nossal2 2022 232,500 27,500 260,000 2021 58,765 5,583 64,348 Keith Spence 2022 147,321 17,679 165,000 2021 127,854 12,146 140,000 Neil Warburton3 2021 36,530 3,470 40,000 Xiaoping Yang4 2022 140,000 - 140,000 2021 70,000 - 70,000 Total Non-executive Director remuneration 2022 1,010,079 104,011 1,114,090 2021 905,020 79,328 984,348 1. Mr. Bilbe transitioned to a Non-executive Director effective 1 July 2021 and retired effective 18 November 2021. 2. Mr. Nossal transitioned to Chairman effective 1 July 2021. Prior to this, he was appointed a Non-executive Director effective 18 December 2020. 3. Mr. Warburton resigned as a Non-executive Director effective 28 October 2020. 4. Ms. Yang was appointed a Non-executive Director effective 1 December 2020. The remuneration of Non-executive Directors is fixed to encourage impartiality, high ethical standards and independence on the Board. The available Non-executive Directors’ fees pool is $1,500,000 which was approved by shareholders at the Annual General Meeting on 16 December 2015, of which $1,060,000 was being utilised at 30 June 2022 (2021: $1,050,000). Non-executive Directors may provide additional consulting services to the Group, at a rate approved by the Board. No such amounts were paid to Directors during the current or prior year. Following adjustments to the remuneration of the Board and Committee Chairs in FY22, and based on market data from both the IGO peer group and the ASX peer group more broadly in FY22, changes to Board or Committee Chairs’ and Non‑executive Directors remuneration have been approved by the Board for FY23. Details of Non-executive Director fees are as follows: Approved 2023 30 June 2022 30 June 2021 $ $ $ Non-executive Director Base Fees Board Chair 280,000 260,000 250,000 Board Member 150,000 140,000 120,000 Committee Chair Fees Chair Audit & Risk Committee 25,000 25,000 20,000 Chair People, Performance & Culture Committee 25,000 25,000 20,000 Chair Sustainability Committee 25,000 25,000 20,000 Chair Nomination & Governance Committee 25,000 25,000 20,000 Committee Members Nil Nil Nil IGO ANNUAL REPORT 2022— 73 72 —IGO ANNUAL REPORT 2022
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