Directors’ Remuneration

Th e Board has in place policies and procedures to determine the remuneration of Directors taking into account the need for the Group to attract and retain the right talent with the necessary skills and experience required by the Board to function effectively.

The Board is responsible for determining the remuneration scheme for its individual members. The annual fees payable to Non-Executive Directors are presented to the shareholders at the AGM for their approval. The Executive Director however, does not participate in any way when determining his remuneration package.

A summary of the Directors’ remuneration for the financial year ended 30 June 2018, distinguishing between the Executive and Non-Executive Directors is as shown below: