Each of our directors receives an annual grant of restricted share units (RSUs) valued at $240,000. Newly appointed directors also receive an initial grant of RSUs valued at $240,000 upon appointment to the Board. In addition, each of our non-management directors receives an annual retainer of $110,000. They may take this retainer entirely in cash, entirely in RSUs or one-half in cash and one-half in RSUs. In recognition of the time commitments required, our lead director is paid an additional annual retainer of $60,000; the chair of the Audit Committee and other members of that committee are paid an additional annual retainer of $35,000 and $17,500, respectively; the chair of the Compensation, Culture & People Committee and other members of that committee are paid an additional annual retainer of $30,000 and $15,000, respectively; and the chairs of each of the Nominating, Governance & Sustainability Committee and the Finance Committee and other members of those committees are paid an additional annual retainer of $25,000 and $12,500, respectively. These additional amounts may also be taken in cash or RSUs as previously described.