48 Directors’ Report 2012 Auditor’s Independence Declaration Rounding Proceedings on Behalf of the Company Non-Audit Services Remuneration Report Indemnification and Insurance of Officers and Auditors A copy of the external auditor’s declaration under Section 307C of  the Corporations Act in relation to the audit for the financial year is  on page 143 of this AGL Financial Report. AGL is an entity to which ASIC Class Order 98/100 applies and in  accordance with that Class Order, amounts in the Financial Report  and the Directors’ Report have been rounded off to the nearest  tenth of a million dollars, unless otherwise stated. As Australia’s leading integrated renewable energy company,  AGL seeks to maintain and grow its business by attracting and  retaining the best possible people to align with driving increased  shareholder value. It is important to be able to promote and  recognise the excellence we demand by rewarding all of our  Executives appropriately. No person has applied under Section 237 of the Corporations Act  for leave of the Court to bring proceedings on behalf of AGL or  intervene in any proceedings to which AGL is a party for the purpose  of taking responsibility on behalf of AGL for all or any part of those  proceedings. AGL was not a party to any such proceedings during  the year. Non-audit services have been provided during the year by the external  auditor, Deloitte Touche Tohmatsu. Disclosure of the details of these  services can be found in this AGL Financial Report on page 103. The Board has a formal policy on the provision of auditing and  related services. Specifically, the external auditor is precluded from  providing any services that might threaten its independence or  conflict with its assurance and compliance role. Semi-annual  reports on the provision of auditing and related services are  provided to the Board through the Audit and Risk Management  Committee. Directors are satisfied that the provision of $664,000  of non-audit services by the external auditor is compatible with the  general standard of independence for auditors. The policy and procedures in place, and the review by the Audit and  Risk Management Committee, enable Directors to conclude that  non-audit services provided did not compromise the external  auditor’s independence requirements of the Corporations Act. There  is also in place an agreed rotation policy for the senior auditor of  Deloitte Touche Tohmatsu. The external auditor annually provides a  letter to the Company Secretary on its independence within the  meaning of relevant legislation and professional standards. No  officers of AGL were partners or directors of Deloitte Touche  Tohmatsu during this reporting period. The Directors present the Remuneration Report for AGL Energy  Limited and its consolidated entities for the year ended 30 June  2012 in line with Section 300A of the Corporations Act. This report covers the remuneration and benefits of AGL’s key  management personnel (KMP). We have structured the report into 8 sections: AGL’s constitution indemnifies, to the extent permitted by law,  officers of the consolidated entity when acting in their capacity in  respect of: The Directors named earlier in this Report and the Company  Secretaries, Paul McWilliams and John Fitzgerald, have the benefit  of the indemnity, together with any other person concerned in or  who takes part in the management of the consolidated entity. During the year AGL paid premiums in respect of contracts insuring  all Directors of AGL as listed earlier, all Directors of related bodies  corporate of AGL, secretaries and other officers of the consolidated  entity against liabilities incurred in their capacity as Director or  officer, as the case may be, of the consolidated entity. The contract prohibits disclosure of the nature of the liabilities and  the amount of premium paid and the Corporations Act does not  require disclosure of the information. > liability to third parties (other than related entities) when acting  in good faith; and > costs and expenses of successfully defending legal proceedings  and ancillary matters. 1. Our remuneration policy 2. Our remuneration framework 3. Linking remuneration to performance 4. Remuneration mix 5. Key Management Personnel 6. Remuneration disclosures: KMP 7. Terms of Executive contracts 8. Non-executive Directors