Remuneration of non-executive directors
Our remuneration policies aim to attract and retain directors with the appropriate experience, skills and attributes, who will contribute to enhanced company performance.

The Board’s policy is to remunerate directors at a similar level to comparable Australian companies, but with a small premium to reflect the complexity of the financial services sector. All directors are encouraged to own shares in Australian Wealth Management.

Remuneration of directors
Subject to ASX Listing rules, in a general meeting of shareholders we have the ability to determine the maximum cash remuneration to be paid to directors. The sum fixed in our constitution as the maximum aggregate cash remuneration to be paid to non-executive directors for services rendered as directors is A$430,000 a year, which may be distributed among the directors as they determine. Our constitution also makes provision for the company to pay all reasonable expenses of directors in attending meetings and carrying out their duties.

Indemnity and insurance
Australian Wealth Management indemnifies directors to the maximum extent allowed by Australian law. The indemnity is set out in clause 34.1 of our constitution.

We obtain director and officer liability insurance to cover risks arising out of acts or omissions of directors and employees in their capacity as such. Insurance is not provided to cover any criminal acts or omissions.