Page 37 - Icon Energy 2014 Annual Report

KEY POINTS
• Remuneration framework structured to reward executives for achievement of goals that
add shareholder value
• Short and long term incentives only vest on achievement of corporate and individual
performance goals
• Long term incentives will not vest unless the share price at least doubles and Icon’s share
price growth performs well when benchmarked against other energy companies
• Company achieves after tax profit result of $1,577,590
REMUNERATION REPORT - AUDITED
The Directors of Icon Energy Limited present this Remuneration Report for the consolidated entity for the year ended 30
June 2014. The information provided in this report has been audited as required by the Corporations Act 2001 (Cth) and
forms part of the Directors’ Report. This Remuneration Report sets out remuneration information for Icon Energy’s Key
Management Personnel (KMPs ) including the following persons who were non-executive directors and senior executives
during the financial year:
1. REMUNERATION FRAMEWORK
The Company’s Remuneration framework is designed to ensure that:
• Executive and Senior Managers receive competitive and reasonable market based levels of base remuneration;
• Employees and Executive and Senior Managers who perform well have the opportunity to be rewarded through an
annual short term incentive plan;
• Long term incentives are aligned to the achievement of strategic objectives and creation of value for shareholders.
ABN 61 058 454 569 ICON ENERGY LIMITED 2014 Annual Report 37
Table 1: Icon Energy’s Key Management Personnel
Position Held
Chairman
Director
Director
Director
Managing Director
Chief Financial Officer & Executive Director
Company Secretary & Legal Counsel
Exploration Manager
Commercial Manager
Name
Non-Executive Directors
Stephen Barry
Keith Hilless
Howard Lu
Derek Murphy
Executive & Senior Managers
Ray James
Kevin Jih
Ross Mallett
Martin Berry (i)
Richard Holliday
(i) Appointed 1 August 2013
James Carr resigned as Operations Manager on 21 June 2013