8.1 Remuneration Committee
The Board has a separate Remuneration Committee which ensures the implementation and effectiveness of the Company's Remuneration policies.
8.2 Remuneration Policies
a) Non-Executive Directors
Fees including statutory superannuation paid to non-executive directors will be at or around the market average for a Company such as Kollakorn and are disclosed each year in the Company's annual report. Directors are not entitled to retirement benefits.
b) Senior Executives
Remuneration packages will generally be set to be competitive to both retain executives and attract executives to the Company. Further information regarding remuneration policies can be found in the Remuneration Report included in the Directors' Report at the end of each financial year.