Corporate Governance

Corporate governance at Calliden is premised on strong leadership from the Board of Directors, sound structural frameworks to set responsibilities and accountabilities, and robust procedures and controls to ensure that these accountabilities and responsibilities are appropriately managed.

This section contains information about some of the key policies that Calliden has put into place to manage corporate governance including:

Audit Committee Terms of Reference
Board charter
Code of Conduct
Continuous Disclosure Protocol
Remunerations and Nominations Committee Charter
Risk Management Terms of Reference
Share Trading Policy

Remuneration Principles

Remunerate Fairly and Responsibly

The objective of the Company’s remuneration policies is to ensure that directors and employees are remunerated fairly and responsibly. In particular, the Company's remuneration policies are designed to attract and retain talented and motivated directors and employees so as to encourage enhanced performance of the Company.

Disclosure of Remuneration Policies

The Broad structure of the Company’s remuneration policy is to provide employees with fixed remuneration together with the performance-based remuneration, consisting of the opportunity to earn short-term incentives dependent upon the achievement of individual and corporate goals and objectives. A long-term incentive is provided to a number of key senior executives which is also attributable to the achievement of individual and corporate longer-term goals and objectives.

Details of the amount of the remuneration and all monetary and non-monetary components, for each of the five highest paid (non-director) executives during the year and for all directors are set out in the annual report.

Remuneration and Nomination Committee

The primary function and objectives of the Remuneration and Nomination Committee are documented in the Committee’s Charter.

The Committee advises the Board in relation to remuneration matters including but not limited to the level and structure of the remuneration packages of senior management and the implementation and management of employee incentive schemes. The Committee also has responsibility to review the company’s recruitment, retention and termination policies for senior management as well as the company’s superannuation arrangements.

Distinction Between Non-Executive Directors and Executives Remuneration

The Company’s non-executive directors are remunerated by way of fees in the form of cash and superannuation contributions. They do not participate in schemes designed for the remuneration of executives. With the exception of statutory superannuation, non-executive directors are not provided with retirement benefits.