Remuneration. The presiding directors of HD Faculty™ may fix the remuneration of directors, officers, employees, and agents. However, no remuneration will be paid to a director, as a director, unless Special Resolution first confirms it.

Remuneration Disclosure. HD Faculty™ believes that full disclosure of current remuneration packages should be disaggregate and should include commercially sensitive terms. The presiding management is required to ensure that there is a detailed breakdown of a director and officer's service agreement, which includes the following minimum items:

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remuneration (including bonuses and similar payments);

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duration;

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benefits;

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pension arrangements; and

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termination conditions.

Irrespective of the director and officer’s remuneration, HD Faculty™ is of the opinion that the set requirements should apply to previous directors and officers in the same way as they apply to presiding directors and officers; whereby a director or officer resigns and receives a payment without prior shareholders approval.