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Directors' and key management remuneration
 12 Months Ended
Dec. 31, 2023
Disclosure Of Directors And Key Management Remuneration [Abstract]  
Directors' and key management remuneration 29 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.
2023
US$'000
2022
US$'000
2021
US$'000
Emoluments
7,461
6,726
6,568
Long-term incentive plans
8,746
4,691
1,587
16,207
11,417
8,155
Pension contributions: defined contribution plans
20
10
9
The Group defines key management personnel as the Directors and certain members of the Executive Committee. The Executive Committee
includes the Executive Directors, product group Chief Executive Officers and Group executives.
The aggregate remuneration including pension contributions incurred by Rio Tinto plc in respect of its directors was US$15,184,000 (2022:
US$10,692,000; 2021: US$7,522,000). The aggregate pension contribution to defined contribution plans was US$20,000 (2022: US$10,000; 2021:
US$9,000). The aggregate remuneration, including pension contributions and other retirement benefits, incurred by Rio Tinto Limited in respect of its
directors was US$1,043,000 (2022: US$735,000; 2021: US$642,000). The aggregate pension contribution to defined contribution plans was US$nil
(2022: US$nil; 2021: US$nil).
During 2023, no director (2022: nil; 2021: nil) accrued retirement benefits under defined benefit arrangements, and two directors (2022: two; 2021:
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.
Aggregate compensation, representing the expense recognised, under IFRS as defined in the “Basis of preparation” section, of the Group’s key
management, including directors, was as follows.
2023
US$'000
2022
US$'000
2021
US$'000
Short-term employee benefits and costs
16,159
14,258
18,184
Post-employment benefits
155
174
300
Employment termination benefits
155
—
—
Share-based payments
10,305
10,846
10,303
Total
26,774
25,278
28,787
The figures shown above include employment costs which cover social security and accident premiums in Canada, the UK and payroll taxes in
Australia paid by the employer as a direct additional cost of hire. In total, they amount to US$1,321,000 (2022: US$1,173,000; 2021: US$1,511,000).