111 For the relationship between the parent company, Dialog Semiconductor Plc, and its subsidiaries please see note 2. Related parties are comprised of eight (2011: seven) non-executive members of the Board of Directors and ten (2011: ten) members of the executive  management which are named in the management and governance section. These are the only related parties of the Group. All transactions with related parties are carried out at arm´s length.  For the composition of our key management please see management and governance beginning on page 34. Compensation of key management  personnel of the Group is as follows:  26. Transactions with related parties  Compensation of key management personnel of the Group  Compensation of Non-Executive Directors  Other related party transactions  [1] The amounts include payments for defined contribution plans.  The compensation of Non-Executive Directors was US$644,000 (2011: US$645,000). As at 31 December 2012 the amount of Board member fees  outstanding was nil (2011: US$67,000). For further information please see the Directors’ remuneration report within the management and governance  section on pages 46 to 52.  In 2012 and 2011 there were no other transactions with related parties. None of the related parties has a major influence in one of the Group’s major  suppliers or customers. 2012 US$000 2011 US$000 Short term employee benefits  4,447 4,121 Post-employment benefits$^{1)}$  208 170 Share based payments  1,301 1,180 5,956 5,471