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StarHub Ltd Annual Report 2015

20 Operating Expenses (continued)

20.2.1 Key management personnel compensation

The key management personnel compensation is as follows:

Group Company Overview
2015
2015 2014 2014
$m $m $m $m

Short-term employee benefits 10.2 10.0 9.0 8.9
Share-based payments 4.3 4.4 3.8 4.0
14.4 12.8 12.9
14.5

Included in the above is the total compensation to directors of the Company which amounted to $5.0 million (2014: $4.7 million).

Key management personnel also participate in the StarHub Share Option Plans, the StarHub Performance Share Plans and the Strategy
StarHub Restricted Stock Plans as detailed in Note 20.2.2. The short term benefits include the Company balanced scorecard
incentive programme to reward employees for achieving or exceeding performance target.

Conditional awards of shares 534,700 (2014: 645,100 shares) under the StarHub Performance Share Plans and conditional
awards of shares 435,800 (2014: 640,400 shares) under the StarHub Restricted Stock Plans were granted to the key
management personnel of the Company during the year.

Awards of 95,800 shares (2014: 111,100 shares) under the StarHub Restricted Stock Plans were vested and delivered to certain Performance
non-executive directors of the Company as part of their non-executive directors’ remuneration, without any performance or
vesting conditions attached, during the year.

Based on the actual level of achievement of the pre-determined performance targets over the 2012 to 2014 performance
period, final awards comprising 629,300 shares were delivered to the key management personnel of the Company during the
year under the 2012 conditional awards granted to key management personnel of the Company in May 2012 pursuant to the
StarHub Performance Share Plans.

Based on the actual level of achievement of the pre-determined performance targets over the 2013 to 2014 performance Governance & Sustainability
period, final awards comprising 372,780 shares were delivered to the key management personnel of the Company during the
year under the 2013 conditional awards granted to the key management personnel of the Company in May 2013 pursuant to
the StarHub Restricted Stock Plans. 186,600 shares under the final awards were delivered during the year, with the balance of
186,180 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 2015, 1,503,800 (2014: 1,540,100) of the conditional awards of shares under the StarHub Performance Share
Plans, and 1,199,380 (2014: 1,214,750) of the conditional awards of shares under the StarHub Restricted Stock Plans granted to
the key management personnel were outstanding.

Financials