2021 Annual Report

The remuneration of Non-executive Directors is fixed to encourage impartiality, high ethical standards and independence on the Board. The available Non-executive Directors’ fees pool is $1,500,000 which was approved by shareholders at the Annual General Meeting on 16 December 2015, of which $1,050,000 was being utilised at 30 June 2021 (2020: $930,000). Non-executive Directors may provide additional consulting services to the Group, at a rate approved by the Board. No such amounts were paid to Directors during the current or prior year. Following small adjustments to the remuneration of the Board and Committee Chairs in FY20, and based on market data from both the IGO peer group and the market more broadly, changes to Board or Committee Chairs’ or Non-executive Directors remuneration have been approved by the Board for FY22. Details of Non-executive Director fees are as follows: Approved 2022 $ 30 June 2021 $ 30 June 2020 $ Non-executive Director base fees Board Chair 260,000 250,000 250,000 Board Member 140,000 120,000 120,000 Committee Chair Fees Chair Audit & Risk Committee 25,000 20,000 20,000 Chair People & Performance Committee 25,000 20,000 20,000 Chair Sustainability Committee 25,000 20,000 20,000 Chair Nomination & Governance Committee 25,000 20,000 20,000 Committee Members Nil Nil Nil IGO ANNUAL REPORT 2021— 61