Annual Report and Accounts 2013
Petra Diamonds Limited 71
Overview
Performance Review
Strategic Review
Sustainability
Corporate Governance
Group Accounts
Corporate Governance
Directors’ Remuneration Report
Petra is a leading diamond mining group that offers shareholders
an exceptional growth and value proposition. The Remuneration
Committee’s (“the Committee”) objective is to operate a
remuneration policy which reinforces the Company’s
ambitious growth strategy.
The Committee is cognisant of the unique nature of the
organisation, as well as the specialist skills and experience
required in the industry in which we operate, and will continue
to consider the levels of salaries, as well as performance pay,
against this specific background. The Committee is of the view
that the Group’s remuneration policies, which are weighted
towards performance pay, support the objectives of Petra
and its shareholders.
Salary increases for FY 2014 (effective 1 July 2013) for the
Executive Directors were less than the average increases made
across the Group’s wider workforce. The bonus outcomes for
FY 2013 reflect the Group’s production and revenues, as well as
successful delivery of key corporate and operational objectives
in what were challenging circumstances over the past year.
Further details regarding Directors’ remuneration are set out
in the main body of this report.
Gordon Hamilton
Chairman of the Remuneration Committee
11 October 2013
Dear shareholder,
I am pleased to present the Directors’ Remuneration Report for FY 2013.
Our objective is to operate
a remuneration policy which
reinforces the Company’s
ambitious growth strategy.
Gordon Hamilton
Chairman of the Remuneration Committee
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