• Connectivity of information
• Consistency and comparability
• Stakeholder relationships
• Strategic focus and future orientation

Key observations:

Rio Tinto provides an open and honest letter from the remuneration committee Chairman, who acknowledges the challenges of remuneration reporting and the steps the business has taken to address these.

The Report discusses the elements which are used to measure performance, including health and safety metrics. Rio Tinto then go onto discuss 'what we paid our executive directors and why', which includes a specific discussion about the objectives which were in place during the year and the progress which was made against these objectives. Interestingly, Rio Tinto have also identified the range of remuneration for the coming year, identifying the level of reward achieved for 'below threshold performance', 'target performance' and 'outstanding performance'.