Management & Governance

Base salary

Base salaries are reviewed annually and adjusted as necessary, taking into account the nature of the individual executive's role, external market trends and business and personal performance. The committee uses a range of international companies of a similar size, global reach and complexity to make this comparison.

Executive remuneration is explicitly related to business performance through the following long and short term arrangements:

• Short term incentive plan (STIP)
• Long term incentives
• Share Option Plan (SOP)
• Mining Companies Comparative Plan (MCCP)
• Ranking in the remaining ten company comparator group
• Management Share Plan 2007
• Proposed changes to incentive arrangements - 2009
• Post employment benefits
• Other pensionable benefits
• Performance and non-performance related remuneration
• Share based remuneration not dependent on performance