The criteria for reviewing the emoluments of the Managing Director and senior executives include achievement of individual performance objectives as defined by the internal Performance Management System, advice  from external consultants on the prevailing market for equivalent positions, the company’s overall performance and achievement of key strategic goals, increased and changed work loads, increased responsibilities and interaction of the incumbent with the Board and  external parties.  The Remuneration Committee is responsible for ensuring the emoluments of senior executives reflects their responsibilities and performance. Non-executive annual Directors fees from 1 October  2000 are $42,500 per Director, $106,300 for the Chairman and $70,800 for the Deputy Chairman. With the exception of the Chairman and Deputy Chairman, additional yearly fees of $4,400 are paid to Directors who are members  of committees other than audit. The Chairman of these committees is paid $6,600.  Yearly fees for the Audit Committee are $5,700 for members and $8,500 for the Chairman. $1,000 per meeting will be paid to a Director who chairs an ad hoc committee and $800 per meeting to a Director who is a member of  an ad hoc committee. In addition to reimbursement of expenses, any allowance paid to Directors is in line with rates prescribed for members of the Senior Executive Service, Australian Public Service. Retiring non-executive Directors are entitled to an allowance up to a maximum of their last three years remuneration after nine years service (pro-rata for a  lesser period with a minimum of three years).  Details of emoluments paid or payable to each Director  of GrainCorp Ltd and each of the five executive officers  of the company and the consolidated entity receiving  the highest emoluments in the financial year are set out  in the following tables. 40 GrainCorp 2001 Annual Report Emoluments of Board Members and Senior Executives GrainCorp Limited and Controlled Entities  Directors’ Report