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## 5. Key Management Personnel 

## AGL’s key management personnel are responsible for planning, directing and controlling AGL’s activities. 

Key Management Personnel (KMP) are the people who have authority and responsibility for planning, directing and controlling the activities of AGL. They are: 

> 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. 

<img src='content_image/203417.jpg'>

## 6. Remuneration disclosures: KMP 

Details of the KMPs’ remuneration for the financial year are set out below. 

## Remuneration of Key Management Personnel for year ended 30 June 2011 (Senior Executives) 

<img src='content_image/203418.jpg'>

(a) Earned in respect of 2010/2011 financial year and paid in September 2011. 

(b) Includes the value of benefits such as cars, representational spouse travel and entertainment and Fringe Benefi ts Tax. 

(c) The fair value of LTI SPRs has been calculated using the Black-Scholes and Monte Carlo simulation methods. 

(d) Value of shares acquired under the AGL Share Purchase Plan and other deferred share based payments. 

(e) Resigned in September 2010. 

(f) Includes remuneration received in the financial year prior to appointment as KMP in November 2010. 

(g) Includes salary sacrifi ce contributions. 

All executives are entitled to four weeks annual leave and long service leave based on statutory entitlements. 

