Page 162 - Annual Report 2014

19 Operating Expenses (continued) Overview
19.2.1 Key management personnel compensation

The key management personnel compensation is as follows:

Group Company

2014 2013 2014 2013

$m $m $m $m Strategy

Short-term employee benefits 10.0 12.6 8.9 11.5
Share-based payments 4.4 5.7 4.0 5.3
12.9
14.4 18.3 16.8

Included in the above is the total compensation to directors of the Company which amounted to $4.7 million (2013: $4.9 million). Performance

Key management personnel also participate in the StarHub Share Option Plans, the StarHub Performance Share Plans and the
StarHub Restricted Stock Plans as detailed in Note 19.2.2. The short term benefits include the Company balanced scorecard
incentive programme to reward employees for achieving or exceeding performance target.

Conditional awards of 645,100 shares (2013: 479,000 shares) under the StarHub Performance Share Plans and conditional Governance
awards of 640,400 shares (2013: 411,000 shares) under the StarHub Restricted Stock Plans were granted to the key
management personnel of the Company during the year.

Based on the actual level of achievement of the pre-determined performance targets over the 2011 to 2013 performance
period, there were 1,715,800 shares delivered to the key management personnel of the Company during the year under the 2011
conditional awards granted to key management personnel of the Company in March 2011 pursuant to the StarHub Performance
Share Plans.

Based on the actual level of achievement of the pre-determined performance targets over the 2012 to 2013 performance period, Financials
final awards comprising 787,500 shares were awarded to the key management personnel of the Company during the year under
the 2012 conditional awards granted to the key management personnel of the Company in May 2012 pursuant to the StarHub
Restricted Stock Plans. 393,800 shares under the final awards were delivered during the year, with the balance of 393,700 shares
to be delivered in phases according to the stipulated vesting periods.

All share options and conditional share awards (except for the time-based restricted share awards) granted to the key
management personnel of the Company were on the same terms and conditions as those offered to other employees of
the Company.

As at 31 December 2014, 1,948,766 (2013: 2,161,566) of the conditional awards of shares under the StarHub Performance Share
Plans, and 1,449,600 (2013: 1,495,900) of the conditional awards of shares under the StarHub Restricted Stock Plans granted to
the key management personnel were outstanding.

StarHub Ltd | Annual Report 2014 159