Shareholdings of KMP The number of ordinary shares in the Company held by each Director and other Executive KMP, including their personally related entities, are set out below. Name Balance at the start of the year Received during the year on vesting of performance rights Received during the year on vesting or exercise of service rights Other changes during the period Balance at the end of the year Directors Debra Bakker 30,800 - - - 30,800 Peter Bilbe1 47,059 - - (47,059) - Kathleen Bozanic 13,859 - - 1,985 15,844 Peter Bradford 1,145,010 175,042 - (453,296) 866,756 Peter Buck 26,118 - - - 26,118 Michael Nossal 40,000 - - 15,000 55,000 Keith Spence 24,728 - - - 24,728 Xiaoping Yang 14,200 - - - 14,200 Executive KMP Kate Barker 22,257 34,601 - - 56,858 Matt Dusci 166,388 88,261 - - 254,649 Andrew Eddowes 150,765 37,858 9,014 (18,650) 178,987 Joanne McDonald 27,312 34,601 11,285 (43,198) 30,000 Sam Retallack 81,377 36,636 - - 118,013 Scott Steinkrug 108,065 66,612 17,395 (75,000) 117,072 Total 1,897,938 473,611 37,694 (620,218) 1,789,025 1. Shareholdings are reversed to show a zero balance at 30 June 2022 after ceasing to be a KMP during the year. Whilst IGO does not have a formal policy stating a minimum shareholding in IGO shares for Non-executive Directors and Executive KMP, guidelines on this subject have been adopted. These guidelines state, that in order to achieve a greater alignment with shareholder interests, Non-executive Directors and KMP are encouraged to hold shares in the Company. IGO is committed to achieving greater diversity throughout the business and this includes the membership of the Board and Executive KMP. To this end, the Board acknowledges that each current or future Non-executive Director and Executive KMP may have different personal circumstances. Accordingly, Non-executive Directors are encouraged to acquire and hold IGO shares to the equivalent value of one year of director fees within a reasonable period of time that suits their personal circumstances. Similarly, Executive KMP are encouraged to acquire and hold IGO shares over a reasonable time period, noting that the number of shares and the time period will be in accordance with each Executive KMP’s personal circumstances. (V) Other transactions with Executive KMP During the current financial year, there were no other transactions with Executive KMP or their related parties. (VI) Voting of shareholders at last year’s Annual General Meeting IGO Limited received more than 89% of “yes” votes on its Remuneration Report for the 2021 financial year. The Company sought feedback throughout the year on its remuneration practices through communications with key shareholders and proxy advisors. This feedback included advice on continuing to provide the current level of transparency within the Remuneration Report and ensure remuneration across the business reflects the strategic direction of the Company. END OF AUDITED REMUNERATION REPORT Shares Under Option At the reporting date, there were no unissued ordinary shares under options, nor were there any ordinary shares issued during the year ended 30 June 2022 on the exercise of options. Insurance of Officers and Indemnities During the financial year, the Company paid an insurance premium in respect of a contract insuring the Directors and executive officers of the Company and of any related body corporate against a liability incurred as such a Director or executive officer to the extent permitted by the Corporations Law. The contract of insurance prohibits disclosure of the nature of the liability and the amount of the premium. The Company has not otherwise, during or since the end of the financial year, indemnified or agreed to indemnify any officer of the Company or of any related body corporate against a liability incurred by such an officer. Proceedings on Behalf of the Company No person has applied to the Court under section 237 of the Corporations Act 2001 for leave to bring proceedings on behalf of the Company, or to intervene in any proceedings to which the Company is a party, for the purpose of taking responsibility on behalf of the Company for all or part of those proceedings. The Company was not a party to any such proceedings during the year. Non-Audit Services The Company may decide to employ the auditor on assignments additional to their statutory audit duties where the auditor’s expertise and experience with the Company and/or the Group are important. Details of the amounts paid or payable to the auditor (BDO Audit (WA) Pty Ltd) for non-audit services provided during the year are set out below. The Directors are satisfied that the provision of the non-audit services is compatible with the general standard of independence for auditors imposed by the Corporations Act 2001 . The Directors are satisfied that the provision of non-audit services by the auditor did not compromise the auditor independence requirements of the Corporations Act 2001 nor the principles set out in APES110 Code of Ethics for Professional Accountants. During the period the following fees were paid or payable for non-audit services provided by the auditor of the parent entity, its related practices and non-related audit firms: 2022 $ 2021 $ Other services BDO Audit (WA) Pty Ltd firm: Other services in relation to the entity and any other entity in the consolidated Group 46,4501 103,938 Total remuneration for non-audit services 46,450 103,938 1. Other services relate to review of the 2021 Sustainability Report and Corporate Advisory services. Auditor’s Independence Declaration A copy of the auditor’s independence declaration as required under section 307C of the Corporations Act 2001 is set out on page 84. Rounding of Amounts The Company is of a kind referred to in ASIC Corporation Legislative Instrument 2016/191, issued by the Australian Securities and Investments Commission, relating to the ‘rounding off’ of amounts in the Directors’ Report. Amounts in the Directors’ Report have been rounded off in accordance with that Legislative Instrument to the nearest hundred thousand dollars, or in certain cases, to the nearest dollar. This report is made in accordance with a resolution of Directors. Peter Bradford Managing Director and CEO Perth, Western Australia Dated this 29th day of August 2022 IGO ANNUAL REPORT 2022— 83 82 —IGO ANNUAL REPORT 2022
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