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S E C T I O N 1 3 : Statutory Information and Five Year Review

ALLIANCE ANNUAL REP ORT 2018

DIRECTOR S REMUNER ATION The following remuneration was paid during the 2018 financial year:

$250,001-$260,000

1

$260,001-$270,000

1

$290,001-$300,000

1

$310,001-$320,000

1

$320,001-$330,000

2

S M Brown*

36,150

J G Collie

68,750

R G Drummond

68,750

J A Miller

68,750

$350,001-$360,000

1

G R Milne

68,750

$380,001-$390,000

2

D G Morrison

68,750

$410,001-$420,000

2

J H Ogden**

12,500

$520,001-$530,000

2

H D Sangster

68,750

$1,340,001-$1,350,000

1

P M Schuyt***

66,250

V C M Stoddart

76,000

M J Taggart

171,250

Our remuneration policy and practices are designed to attract, retain and reward high calibre senior leaders for the delivery of results that create value for our shareholders. This is achieved through market

*S M Brown was appointed a director in March 2018. ** J H Ogden retired from the board in November 2017. ***P M Schuyt was appointed a director in

benchmarked remuneration that balances fixed and variable pay linked directly to the performance of the

December 2017.

co-operative. The remuneration package for the Chief

During the year the total number of directors holding

annually by the Remuneration and Nominations

office increased from nine to ten with the appointment

Committee taking into account company results,

of S M Brown to the board. Under the constitution of the

individual performance and market data supplied by

company the board may increase the total remuneration

external specialist remuneration advisors.

Executive and Executive Leadership Team is reviewed

by such amount as is necessary to enable the company to pay to the additional director remuneration not exceeding the average amount then being paid to each of the other directors (other than the Chairperson) of

by the company’s UK based subsidiary, Alliance Group (NZ) Ltd and 13 employees whose employment ceased including redundancies and retirement.

the company.

CO-OPER ATIVE STATUS

EMPLOYEE REMUNER ATION

As required by Section 10 of the Co-operative Companies

During the year, the numbers of employees of the group who received remuneration including benefits, of $100,000 or more were: Remuneration

The above details include eight employees employed

Act 1996, the following resolution was passed by the board on 13 November 2018. All directors present voted in favour of the resolution:

No. of Employees

“It was the opinion of the board that Alliance Group

$100,000-$110,000

57

$110,001-$120,000

18

$120,001-$130,000

12

$131,001-$140,000

12

$140,001-$150,000

7

$150,001-$160,000

9

$160,001-$170,000

5

(b) the constitution of Alliance Group Ltd states

$170,001-$180,000

6

its principal activities as being co-operative

$180,001-$190,000

3

$190,001-$200,000

1

$200,001-$210,000

4

$210,001-$220,000

2

Ltd has, throughout the year ended 30 September 2018, been a co-operative company within the meaning of the Co-operative Companies Act 1996 on the following grounds: (a) the company carries on, as its principal activity, a co-operative activity as that term is defined in the Co-operative Companies Act 1996;

activities; (c) not less than 60% of the voting rights of Alliance Group Ltd were held by Transacting Shareholders as that term is defined in the Co-operative Companies Act 1996.”

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Annual Report 2018  

Annual Report 2018