Key management personnel (KMP) are those persons having authority and responsibility for planning, directing and controlling the activities of the Group, directly or indirectly, including any of the directors of the Group.
In 2018, the Northern Land Council (NLC) determined the KMP to be the Executive Council members and Leadership Group, which consisted of the Chief Executive Officer (CEO) and Branch Managers. In 2019, NLC Management has re-assessed their position regarding KMP, and determined that the NLC Executive Council members and the CEOs of the Group were to be classified as KMP. NLC considers that only the NLC Executive Council members and the CEOs of the Group, will have the final decision-making authority in respect of all operational activities performed by the group.
The remuneration of the directors, who are the KMP of the Group, is set out below in aggregate for each of the categories specified in AASB 124 Related Party Disclosure:
The total number of key management personnel that are included in the above table are 15 (2018: 20# ).
# 2018 KMP disclosure includes the Chief Executive Officer of the subsidiaries.