Thank you for the question. This is a question we know of and are fully aware of.
In the breakdown of our performance pay, we follow very much what the public service has done in the way of pay at risk. So if you perform as expected, you will get performance pay, which is why you end up with 99% getting it. The levels are set pretty much as part of a compensation package when you are hired so that if you meet your objectives you will be eligible for about 5% to 7% in performance pay. You can call it “pay at risk”. It's part of your compensation.
The additional amount, up to 5% in some cases, applies only if you have met an exceptional level. Those additional amounts are challenged across the executive, and there is a much more limited number of those who will receive that exceptional performance.
Yes, we're fully aware it is 99%, and perhaps the misnomer is in the term. It is expected performance pay, and it's all part of the compensation package. It's a competitive salary base, which we ensure our directors or management are paid according to the market and according to the public service, so we are quite comfortable with that amount.