2000 Annual Report - Heron Resources Limited

Directors’ Report
4.0 Continued page 43
DIRECTORS MEETINGS
During the year the Company held 10 meetings of Directors. The attendance of the Directors at meetings of the Board were:
Director Meetings held Number of
while a Director meetings
attended
R M Evans 10 10
I J Buchhorn 10 10
R G Colville 10 9
KJ Hellsten (resigned 26 May 2000) 6 6
PJ Lee (appointed 26 May 2000) 1 1
EMOLUMENTS OF DIRECTORS AND SENIOR EXECUTIVES
Executive remuneration and other terms of employment are reviewed by the Board on an ongoing basis having regard to
performance against goals set at the start of the year, the relevant comparative information and independent expert advice.
Remuneration packages are set at levels that are intended to attract and retain executives capable of managing the economic
entity’s operations.
Director Salary Directors Superannuation Other Options
Fees
$ $ $ $ $
R M Evans - - 43,938 - -
I J Buchhorn 130,000 - 20,000 - 60,000
R G Colville - 20,000 1,400 - -
K J Hellsten - 13,337 934 - -
P J Lee - 1,663 116 - -
Senior Executive
D J Crook 90,118 - 29,880 30,002 -
Mr Crook is the only employee of the economic entity qualifying as a Senior Executive.
1,000,000 Options in the parent entity were issued to Ian James Buchhorn during the year as approved by Shareholders at the
Company’s 1999 Annual General Meeting on the following terms:
Number Issued Expiry Date Exercise Price
200,000 19 December 2002 25 cents
200,000 19 December 2002 35 cents
200,000 19 December 2002 45 cents
200,000 19 December 2002 55 cents
200,000 19 December 2002 65 cents
The value of the 1,000,000 19 December 2002 Options issued to I J Buchhorn is calculated to be $60,000.
Heron Resources NL Annual Report 2000