Directors’ Report
5.4.2 Non-executive directors (NEDs) Service Agreements The appointment of Non-executive Directors is subject to a letter of engagement. The NEDs are not eligible for any termination benefits following termination of their office, nor any payments other than those required under law such as in respect of superannuation. There are no notice periods applicable to either party under this approach.
5.5 Other Statutory Disclosures
5.5.1 Other transactions Certain directors and KMP, or their personally-related entities (Related Parties), hold positions in other entities that result in them having control or significant influence over the financial or operating policies of those entities. None of these entities entered into material transactions with the Company or its subsidiaries in the FY24 reporting periods. The terms and conditions of any transactions entered into were no more favorable than those available, or which might reasonably be expected to be available, on similar transactions with unrelated entities on an arms-length basis. Directors fees were paid to Crescent Capital Partners Pty Limited, the manager of the parent entity’s majority shareholder CCP Bidco Pty Limited. Apart from those disclosed above, other transactions with directors, executives and their related parties are conducted on arm’s length terms and conditions, and are deemed trivial or domestic in nature. These transactions are in the nature of personal investment, life insurance policies and superannuation.
5.5.2 External Remuneration Consultants
During FY24 the Board engaged approved External Remuneration Consultants Godfrey Remuneration Group Pty Ltd ( GRG ) to provide KMP remuneration advice and other services as outlined below: • Non Executive Director remuneration benchmarking - $15,400 (incl. GST) • Senior executives remuneration benchmarking – $23,100 (incl. GST) All current Directors are subject to re-election by shareholders at least every 3 years. All current KMP contracts provide for an annual review of Fixed Remuneration. Signed in accordance with a resolution of the Board of Directors made pursuant to s298(2) of the Corporation Act 2001. On behalf of the Directors
Geoff Black Chairman 21 August 2024
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ClearView Wealth Limited
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