directors’ report on the Financial Report of Transurban City Link Limited and Controlled Entity. DIRECTORS’ AND EXECUTIVES’ EMOLUMENTS The Nomination and Remuneration Committee has four members who recommend and review remuneration and benefit packages for directors and senior executives. Directors are paid an annual fee, the total of which does not exceed the amount specified in the constitution of the Company. No additional payments are made for attendance  at committee meetings. All directors receive a superannuation guarantee contribution which is 8 per cent of their fees. They are permitted to make additional superannuation contributions through sacrifice of a corresponding amount of their annual fee. On retirement, non-executive directors with more than three years service are entitled to receive a lump sum payment equivalent to the total emoluments received during a third of the director’s total period of service or three years, whichever  is the lesser. The following table shows remuneration details for each non- executive director of the Company: Name Director’s Fee Superannuation Retirement Total $ $ $ $ L G Cox 128,125 10,250 - 138,375 W H J Barr 47,454 3,796 - 51,250 P C Byers 47,454 3,796 - 51,250 G O Cosgriff 25,908 2,073 - 27,981 J G A Davis 47,454 3,796 - 51,250 S M Oliver 47,454 3,796 - 51,250 The following table shows remuneration details for the executive directors of the Company: In addition to the above amounts, the following table sets out amounts,  which have been accrued in respect of payments to which the executive  directors are entitled following completion of construction. 31 Name and Position Total $ K Edwards - Managing Director 700,000 G R Phillips - Finance Director  256,500 Base Salary Bonus Superannuation Total Name and Position $ $ $ $ K Edwards - Managing Director 510,600 125,000 39,400 675,000 G R Phillips - Finance Director  287,037 57,000 22,963 367,000