McPHERSON’S LIMITED

 ANNUAL REPORT 2015  



  

29

Superannuation

Retirement benefits are delivered by a number of superannuation funds selected by the Company or the executive. Executives receive 

superannuation contributions in accordance with Superannuation Guarantee Charge (SGC) rules. However, executives may also direct the 

Company to make additional superannuation contributions allocated from their base package amount, to any complying nominated 

superannuation fund. The funds selected provide post-employment benefits to executives and other employees on an accumulation basis.

Performance assessment

The Company has a formal documented process for the performance evaluation of Directors and senior executives, which requires that a review 

takes place on an annual basis. A performance assessment took place during the year for Directors, including the Managing Director, and other 

senior executives.

Voting and comments made at the Company’s 2014 Annual General Meeting

McPherson’s Limited received 94.05% of “yes” votes on its remuneration report for the 2014 financial year.  The Company did not receive any 

specific feedback at the AGM or throughout the year on its remuneration practices.

Details of remuneration

Amounts of remuneration
Details of the remuneration of the Directors of McPherson’s Limited and the other key management personnel of McPherson’s Limited and the 

McPherson’s Limited Group for the current and previous financial years are set out in the following tables.

2015

SHORT-TERM BENEFITS

POST-

EMPLOYMENT 

BENEFITS

LONG-TERM 

BENEFITS

SHARE-BASED

PAYMENTS

NAME 

CASH

SALARY &

FEES

1

$

CASH 

BONUS

2

$

NON-

MONETARY

BENEFITS

3

$

SUPER-

ANNUATION

$

LONG-SERVICE 

LEAVE

$

PERFORMANCE 

RIGHTS

$

TOTAL

$

Directors of McPherson’s Limited

D.J. Allman (Chairman)

4

125,819

-

-

22,491

-

-

148,310

P.J. Maguire (Managing Director)

593,382

275,000

27,752

25,000

30,645

(11,496)

940,283

G.A. Cubbin

5

76,937

-

-

7,238

-

-

84,175

A.M Lacaze

73,681

-

-

7,000

-

-

80,681

J.P. Clifford

6

45,186

-

-

4,293

-

-

49,479

J.M. McKellar

7

25,527

-

-

2,425

-

-

27,952

Total Directors’ Remuneration 2015

940,532

275,000

27,752

68,447

30,645

(11,496)

1,330,880

Other Group Key Management Personnel

S.K.S. Chan

454,751

-

-

42,588

-

(17,940)

479,399

G.P. Mitchell

8

259,953

-

31,108

24,083

1,870

-

317,014

C. J. Muir

9

224,613

25,013

32,216

35,521

2,848

(2,216)

317,995

P. Witheridge

326,350

155,000

-

35,000

6,105

(2,742)

519,713

Total Other Key Management  Personnel 

Remuneration 2015

1,265,667

180,013

63,324

137,192

10,823

(22,898)

1,634,121

Total Remuneration 2015 – Group

2,206,199

455,013

91,076

205,639

41,468

(34,394)

2,965,001

1.  Cash salary and fees includes movements in the annual leave provision relating to the Managing Director and other executive key management personnel.
2.  Excludes, where relevant, any part of the awarded bonus amount that was paid as a superannuation contribution.  Refer page 31 for further information on bonuses awarded.
3. Non-monetary benefits comprise salary sacrificed components of remuneration packages including motor vehicles and related fringe benefits tax and allowances.
4. On 1 July 2015 Mr Allman resigned as Chairman and as a Non-Executive Director.
5. On 1 July 2015 Mr Cubbin was appointed Chairman of McPherson’s Limited.
6. Mr Clifford resigned as a Non-Executive Director on 23 February 2015.
7. Ms McKellar was appointed as a Non-Executive Director on 23 February 2015.
8. Mr Mitchell left the Group on 1 July 2015 as a result of the Group’s subsequent divestment of 51% of its New Zealand Housewares business.
9. Mr Muir left the Group on 31 July 2015.