RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2020

Disclosure of transactions between related parties [text block]

Related Party Transactions

The Company’s related parties include its subsidiaries, joint operations, joint ventures and key management personnel. During its normal course of operations, the Company enters into transactions with its related parties for goods and services. Transactions between the Company and its subsidiaries and joint operations, which are related parties of the Company, have been eliminated on consolidation and are not disclosed in this note. There were no other material related party transactions reported in 2020.

Remuneration of Key Management Personnel

Key management personnel include the members of the Board of Directors and the executive leadership team. Compensation for key management personnel (including Directors) was as follows:


For the years ended December 31	2020	2019
Salaries and short-term employee benefits1	$33	$22
Post-employment benefits2	4	1

Share-based payments and other3	45	28
	$82	$51

1 Includes annual salary and annual short-term incentives/other bonuses earned in the year.

2 Represents Company contributions to retirement savings plans.

3 Relates to DSU, RSU, PRSU and LTIP grants and other compensation.