Directors’  Report 2011 54 5.  Key Management Personnel > the Managing Director, who is the Chief Executive Officer >the Senior Executives > the non-executive Directors of the Board. AGL’s KMP during the financial year are listed below. Unless  otherwise indicated, they were KMP for the entire period. Key Management Personnel (KMP) are the people who have  authority and responsibility for planning, directing and controlling  the activities of AGL. They are: Name Position Tenure  (if not full year) Directors Jeremy Maycock Chairman Appointed Chairman 21 October 2010 Mark Johnson Chairman Retired 21 October 2010 Les Hosking Non-executive Director Belinda Hutchinson Non-executive Director Appointed 22 December 2010 Sandra McPhee Non-executive Director Max Ould Non-executive Director Bruce Phillips Non-executive Director John Stanhope Non-executive Director Managing Director and Chief Executive Offi cer Michael Fraser Managing Director and Chief Executive Officer Executives Jeff Dimery Group General Manager Merchant Energy Resigned 27 September 2010 Anthony Fowler Group General Manager Merchant Energy Appointed 9 November 2010 Ken Hodgson  Group General Manager Retail Energy Paul McWilliams Group Head of Corporate Support Services  and Company Secretary Stephen Mikkelsen Chief Financial Officer Michael Moraza Group General Manager Upstream Gas Senior Executives Short-Term Benefi ts Post- Employment  Benefi ts Other  Long-Term  Benefi ts Termination  Benefits Share Based Payments Name Cash  Salary & Fees  $ Short- Term  Incentives $ Non- Monetary $^{(a)}$ Benefi ts $ Other  Short- Term (b)  Benefi ts $ Super- annuation  $ Retirement  Benefi ts  $ $ $ Rights $$^{(c)}$ Other $$^{(d)}$ Total $ Value of Equity as a  percentage  of Total Jeff Dimery (e)  652,162  – 16,158 –  41,967  – – – – 976 711,263  0.1% Anthony Fowler (f)  516,417  180,000 – –  30,779 $^{(g)}$ – – – 22,361 – 749,557 3.0% Michael Fraser  1,571,373  975,000 46,039 –  438,755 – – – 401,924 – 3,433,091  11.7% Ken Hodgson  671,872  315,900 – –  27,794 $^{(g)}$ – – – – – 1,015,566 – Paul M cWilliams  4 53,714  160,900 – – 5 1,199 $^{(g)}$ – – – 14,915 160,900 841,628 20.9% Stephen Mikkelsen 700,134  252,000 – –  15,199  – – – 59,774 – 1,027,107  5.8% Michael Moraza  524,929  198,000 – –  91,675  – – – 27,107 – 841,711  3.2% Paul Simshauser  543,967  199,500 – –  15,199  – – – 414 – 759,080  0.1% Total 5,634,568 2,281,300 62,197 – 712,567 – – – 526,495 161,876 9,379,003 6.  Remuneration disclosures: KMP Remuneration of Key Management Personnel for year ended 30 June 2011 (Senior Executives) Details of the KMPs’ remuneration for the financial year are set out below. AGL’s key management personnel are responsible for planning,  directing and controlling AGL’s activities. (g) Includes salary sacrifi ce contributions. (f) Includes remuneration received in the financial year prior to appointment as KMP in November 2010. (e) Resigned in September 2010. (d) Value of shares acquired under the AGL Share Purchase Plan and other deferred share based payments. (c) The fair value of LTI SPRs has been calculated using the Black-Scholes and Monte Carlo simulation methods. (b) Includes the value of benefits such as cars, representational spouse travel and entertainment and Fringe Benefi ts Tax. (a) Earned in respect of 2010/2011 financial year and paid in September 2011. All executives are entitled to four weeks annual leave and long service leave based on statutory entitlements.