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STOCKLAND — Remuneration Information 2011
Aug 18, 2011
65781_rns_2011-08-18_db879a5d-187a-4296-8ee2-669be9cca020.pdf
Remuneration Information
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133 Castlereagh Street T 02 9035 2552 Sydney NSW 2000 F 02 8988 2552 www.stockland.com.au
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19 August 2011
ASX/Media Release
CONFIRMATION OF FY12 REMUNERATION FRAMEWORK
Stockland’s Remuneration Report provides details of the short term and long term incentive schemes operating for executives and employees.
The Short Term Incentive (STI) comprises a balanced scorecard assessment against various key performance indicators (KPIs) comprising annual financial results, implementation of the strategic plan, organisational leadership, customer and stakeholder relations, sustainability and health and safety.
Earnings per Security (EPS) growth is the key Group financial measure. In FY11 the Group achieved EPS growth of 8.6% against a target of 7%. The Group also outperformed against several other KPIs including employee engagement and sustainability, where Stockland is recognised as a global leader.
The target FY12 EPS for STI measurement purposes is 6% growth on FY11, which takes into account the potential EPS impact of the buyback announced today.
The 6% EPS growth target for STI measurement compares to market guidance that EPS is expected to be around the same as FY11, and is a stretch target.
This STI target applies to the Managing Director, Executive Committee and General Managers, with 40% of the Managing Director’s total STI award based on this target.
The Remuneration Report is contained in the Consolidated Group Accounts, lodged on 10 August 2011.
| For media enquiries contact | For investor enquiries contact | ||
|---|---|---|---|
| Sally-ann Parker | Brett Zarb | Karyn Munsie | Alex Abell |
| Senior Manager Communications | Media Relations Manager | EGM – Corporate Affairs | Senior Manager Investor Relations |
| Stockland | Stockland | Stockland | Stockland |
| T+61 (0)2 9035 2462 | T+61 (0)2 9035 2552 | T+61 (0)2 9035 2180 | T+61 (0)2 9035 2553 |
| M+61 (0)402 167 401 | M+61 (0)417 256 563 | M+61 (0)421 050 430 | M+61 (0) 466 775 112 |
Stockland Corporation Ltd ACN 000 181 733 Stockland Trust Management Ltd ACN 001 900 741 AFSL 241190 As Responsible Entity for Stockland Trust ARSN 092 897 348.