Variable rewards results reflect performance against a balanced scorecard of measures, both financial and non-financial (including risk). The reason ANZ chooses the remuneration strategy is to differentiate rewards in line with the ANZ culture of rewarding our performance and demonstrating values-driven behaviour; and provide a competitive reward proposition to attract, motivate and retain the highest quality staff to deliver ANZ's business and growth strategies. ANZ aims to strike a balance between: fixed and at-risk remuneration; short and long term incentives; and amounts paid in cash and deferred