30 Icon Energy Annual Report 2023 30 REMUNERATION REPORT – AUDITED Key Points o No short‐term incentives or long‐term incentives were issued by Icon for the 2022‐2023 financial year. o There are no performance rights issued to executives or staff which might vest in the future. o Executive salary increases for 2022-2023 were restricted to CPI increases. The Directors of Icon Energy Limited present this Remuneration Report for the Consolidated Entity for the year ended 30 June 2023, outlining key aspects of the Group’s remuneration policy and framework, and remuneration awarded to Directors and other Key Management Personnel (KMP) for the reporting period. The Remuneration Report forms part of the Directors’ Report. The information provided in this report has been prepared in accordance with section 300A of the Corporations Act 2001 (Cth) and has been audited as required by the Act. In this report, KMP are defined as those persons having authority and responsibility for planning, directing and controlling the activities of the Group, directly or indirectly. Key management personnel covered in this report: Name Position Held Period as KMP Non-Executive Directors Stephen Barry Chairman Full Year Dr Keith Hilless Director Retired 30 November 2022 Ray James Director Company Secretary Full Year Appointed 21 October 2022 Jeffrey Marvin Director Appointed 31 March 2023 Other Key Management Personnel Natalia Fraser Chief Financial Officer and Company Secretary Resigned 27 September 2022 Changes since the end of the reporting period: As disclosed to the Australian Stock Exchange, Mr Peter Wilson was appointed as director on 8 September 2023, and Mr Stephen Barry resigned from the position of Chairman and a member of the Board on 8 September 2023 due to his current professional commitments as a practicing lawyer. 1. ROLE OF THE REMUNERATION, NOMINATIONS AND SUCCESSION COMMITTEE Our Remuneration, Nominations and Succession Committee is made of independent non-executive directors. The Committee is responsible for making recommendations to the Board on remuneration policies. The Committee, where necessary, obtains independent advice on the remuneration Remuneration Report – Audited for the year ended 30 June 2023
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