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Directors' and key management remuneration
12 Months Ended
Dec. 31, 2018
Disclosure Of Information About Key Management Personnel [Abstract]  
Directors' and key management remuneration

38 Directors’ and key management remuneration

Aggregate remuneration, calculated in accordance with the UK Companies Act 2006, of the directors of the parent companies was as follows:

 

 

2018

US$’000

2017

US$’000

2016

US$’000

Emoluments

9,069

8,339

9,186

Long term incentive plans

2,923

4,685

3,071

 

11,992

13,024

12,257

Pension contributions: defined contribution plans

80

135

69

Gains made on exercise of share options

107

-

-

 

 

The Group defines key management personnel as the directors and members of the Executive Committee. The Executive Committee comprises the executive directors, product group chief executive officers and Group executives.

The aggregate remuneration incurred by Rio Tinto plc in respect of its directors was US$11,465,000 (2017: US$12,624,000; 2016: US$10,630,000). The aggregate pension contribution to defined contribution plans was US$80,000 (2017: US$135,000; 2016: US$69,000). The aggregate remuneration, including pension contributions and other retirement benefits, incurred by Rio Tinto Limited in respect of its directors was US$607,000 (2017: US$535,000; 2016: US$1,696,000). The aggregate pension contribution to defined contribution plans was US$nil (2017: US$nil; 2016: US$nil).

During 2018, no directors (2017: nil; 2016: one) accrued retirement benefits under defined benefit arrangements, and three directors (2017: two; 2016: two) accrued retirement benefits under defined contribution arrangements.

Emoluments included in the table above have been translated from local currency at the average exchange rate for the year with the exception of bonus payments, which have been translated at the year-end rate.

Detailed information concerning directors’ remuneration, shareholdings and options is shown in the Remuneration report, including tables 1 to 3, on pages 103 to 136.

 

Aggregate compensation, representing the expense recognised under IFRS, as defined in note 1, of the Group’s key management, including directors, was as follows:

 

 

2018

US$’000

2017

US$’000

2016

US$’000

Short-term employee benefits and costs

23,978

23,095

22,269

Post-employment benefits

629

415

3,461

Employment termination benefits

69

-

2,682

Share-based payments

14,916

8,033

15,806

Total

39,592

31,543

44,218

 

 

The figures shown above include employment costs which comprise social security and accident premiums in Canada, the UK and US and payroll taxes in Australia paid by the employer as a direct additional cost of hire. In total, they amount to US$2,360,000 (2017: US$2,122,000; 2016: US$2,295,000) and although disclosed here, are not included in table 1 of the Remuneration report.

More detailed information concerning the remuneration of key management is shown in the Remuneration report, including tables 1 to 3 on pages 103 to 136.