20974 29Metals AR23 WEB V1 - Flipbook - Page 121
2023 key
results
Chair letter and
CEO report
About
29Metals
Our
assets
Sustainability
& ESG Report
Mineral Resources
and Ore Reserves
Annual
Financial Report
117
29Metals Appendix 4E and Annual Financial Report for 29Metals Limited and its Controlled Entities for the year ended 31 December 2023
42
Directors’ Report
Remuneration Report
Component
Form
Description
WĞƌĨŽƌŵĂŶĐĞͲďĂƐĞĚ
Short term
incentive (‘^d/’)
Combination The STI is a performance based remuneration component for executive KMPs, intended to align total remuneration
of cash and outcomes for executive KMPs with Company performance. STI awards are at the discretion of the Board.
equity
The STI opportunity for executive KMPs is defined by reference to a prescribed ‘target’ performance level, with ‘threshold’
and ‘stretch’ STI outcomes reflecting performance assessed as 80% and 120% of target (respectively).
The ‘ĂƚƚĂƌŐĞƚ’ STI to
executive KMPs opportunity
for 202 is set out in section
. .
Each executive KMP, including the Managing irector
CE , is eligible to participate in the STI.
The STI focuses on performance in a single year, and awards under the STI are determined by the Board based on an
assessment of performance against specific performance metrics (or ‘
