The Remuneration Committee is committed to the principles of accountability and transparency, and to ensuring that remuneration arrangements demonstrate a clear link between reward and performance. It focuses on:

  • Remuneration policy and its specific application to the CEO and other members of the Group Management Committee (GMC), as well as the general application to all employees
  • The determination of levels of reward to the CEO and other members of the GMC
  • Providing guidance to the Chairman on evaluating the performance of the CEO
  • Effective communication with shareholders on the remuneration policy and the Committee’s work on behalf of the Board.

A detailed Remuneration Report is contained in the 2008 Annual Report, which is available on our website.

Remuneration for non-executive Directors
US dollars Fees Committee Chair fees Committee membership fees Travel and Other benefits (1) Retirement benefits (2) Total
Paul Anderson 121,000 — 20,000 77,656 — 218,656
Don Argus 825,000 — — 52,631 42,844 920,475
David Brink (3) 62,917 — 10,417 51,868 — 125,202
John Buchanan 146,000 30,000 — 40,577 — 216,577
Carlos Cordeiro 121,000 — 20,000 48,025 — 189,025
David Crawford 121,000 45,000 — 37,145 8,620 211,765
David Morgan (4) 60,500 — 7,594 901 3,354 72,349
E Gail de Planque 121,000 — 40,000 72,404 — 233,404
David Jenkins 121,000 — 45,000 65,000 — 231,000
Jacques Nasser 121,000 — 25,000 80,000 — 226,000
John Schubert 121,000 30,000 — 43,219 8,043 202,262
  1. Other benefits include professional fees and reimbursements of the cost of travel, accommodation and subsistence for the Director, and where applicable, their spouse.
  2. BHP Billiton Limited makes superannuation contributions of 9 per cent of fees paid in accordance with Australian superannuation legislation.
  3. David Brink retired from the Board at the conclusion of the Annual General Meetings in 2007 (28 November 2007).
  4. David Morgan was appointed a Director of BHP Billiton Limited and BHP Billiton Plc with effect from 1 January 2008.
Remuneration for GMC members
US dollars Base salary (1) Annual cash award Benefits Retirement benefits Share Based Payments Total
Charles Goodyear (2) 888,750 933,188 1,879,285 (3) 426,600 2,021,719 6,149,542
Marius Kloppers 1,677,070 1,805,878 74,288 671,215 2,645,191 6,873,642
Alberto Calderon 987,023 903,783 214,702 345,458 1,106,325 3,557,291
Marcus Randolph 1,099,370 1,176,656 44,433 373,786 1,774,642 4,468,887
Alex Vanselow 1,094,477 1,031,143 244,299 415,901 1,775,622 4,561,442
Karen Wood 854,514 804,292 — 293,953 1,390,283 3,343,042
J Michael Yeager 1,028,907 1,062,135 19,670 368,349 1,714,367 4,193,428
  1. Base salaries are generally reviewed on 1 September each year. Amounts shown reflect salary increases paid over the 12-month period ending 30 June 2008. Base salary for Charles Goodyear reflects the period 1 July 2007 to his retirement date, 1 January 2008.
  2. For Mr Goodyear, remuneration shown in this table is the total for FY2008. His total remuneration for the proportion of the year before he stood down as a Director and a member of the GMC was US$2,170,497. This amount is made up of pro-rated base salary, annual cash award, medical insurance, retirement benefit and share-based payments, as well as professional fees for tax consulting and compliance incurred during the period.
  3. Benefits for Mr Goodyear include a payment in respect of accrued leave and settlement of UK tax liabilities.