Cellmid 2017 Annual Report 23
Senior executives are given the opportunity to receive their fixed (primary) remuneration in a variety of forms including cash and
expense payment plans, such that the manner of payment chosen is optimal for the recipient without creating additional cost for
the Group.
Remuneration policy and performance
None of the executive’s remuneration is at risk’ remuneration as at 30 June 2017.
Remuneration details for the year ended 30 June 2017
Details of the remuneration of the directors and key management personnel of the Group (as defined in AASB 124 Related Party
Disclosures) and the highest paid executives of Cellmid are set out in the following tables.
* Amount includes consulting fees paid to Direct Capital Group Pty Ltd. Ms Halasz is also the director of Direct Capital Group
Pty Ltd (“DCG”) who provides consulting services to the Group. The contract between the Group and DCG is based on normal
commercial terms. Refer to below for further details.
^ The negative share based payment is due to a reversal of share based payment previously recognised. Refer to equity based
compensation for details.
2017 Cash salary Employee Employee
fees entitlements entitlements Superannuation Options Total
$ $ $ $ $ $
Directors
Non executive directors
David King 65,000 - - 6,175 - 71,175
Bruce Gordon 50,000 - - - - 50,000
Fintan Walton 50,000 - - - - 50,000
Total non-executive directors 165,000 - - 6,175 - 171,175
Executive directors and key management
Maria Halasz* 428,538 18,457 4,470 22,800 (52,781) 421,484
593,538 18,457 4,470 28,975 (52,781) 592,659
2016 Cash salary Employee Employee
fees entitlements entitlements Superannuation Options Total
$ $ $ $ $ $
Directors
Non executive directors
David King 65,000 - - 6,175 27,200 98,375
Bruce Gordon 50,000 - - - 13,600 63,600
Fintan Walton 47,182 - - - 13,600 60,782
Total non-executive directors 162,182 - - 6,175 54,400 222,757
Executive directors and key management
Maria Halasz 400,000 26,401 13,762 38,000 73,667 551,830
562,182 26,401 13,762 44,175 128,067 774,587
Post-
Long-term employment Share based
Short term benefits benefits benefits payments
Post-
Long-term employment Share based
Short term benefits benefits benefits payments
^