pre_text: Non‐executive Director fees are paid from an aggregate annual fee pool of $4,000,000, as approved by shareholders at the AGM on 18 November 2010. Total board and committee fees paid during F19 were $2,859,903 (refer to section 5.1). Non‐executive Directors do not receive variable pay and no Directors’ fees are paid to Executive Directors. In recognition of the equal importance and workload of all of the Board’s Committees, the Board reviewed Non‐executive Director fees and determined to increase Chair and Member fees for the People Performance Committee and Sustainability Committee as detailed in the table below, effective 1 July 2019. The table below provides a summary of F19 and F20 Board and Committee fees:
table: CHAIR MEMBER
table: F19 FEE F20 FEE F19 FEE F20 FEE
table: BOARD AND COMMITTEE FEES ($) INCL. SUPER INCL. SUPER INCL. SUPER INCL. SUPER
table: Board $790,531 $790,531 $254,990 $254,990
table: Audit, Risk Management and Compliance Committee $65,000 $65,000 $32,500 $32,500
table: People Performance Committee $54,525 $65,000 $27,265 $32,500
table: Sustainability Committee $45,000 $65,000 $22,500 $32,500
table: Nomination Committee Nil Nil Nil Nil
question: Analyse this data from a financial earnings document. What is the nominal difference for the fees paid in F19 and F20 to a member in the board?