Page 18 - MIC 2014 - English

BOARD OF DIRECTORS COMPENSATION

BOARD OF DIRECTORS COMPENSATION

Philosophy and Approach

Philosophy. Compensation of non-employee directors is intended to:

• enable Suncor to attract highly qualified individuals with the capability to meet the demanding responsibilities of
Board members; and

• closely align non-employee directors’ interests with shareholder interests.

Approach. The Governance Committee reviews Board compensation levels annually to ensure Suncor’s approach to
Board compensation is competitive at the median of the Suncor Compensation Peers (as defined below), and takes

into account governance and best practice trends.

Total compensation for non-employee directors consists of annual retainers, meeting fees and an annual equity award
provided in the form of DSUs. The Governance Committee engages Towers Watson to benchmark compensation for

non-employee directors and the chairman of the Board and provide information on compensation governance and
best practice trends for directors and the chairman of the Board. This information is used by the Governance

Committee in determining the compensation of non-employee directors, including the chairman of the Board,
recommended annually to the full Board for approval.

Structure

Suncor’s North American energy peers, identified on page 35 of this management proxy circular (the ‘‘Suncor

Compensation Peers’’) for benchmarking Suncor’s director compensation structure, are the same companies used for
benchmarking senior executive compensation. Suncor’s rank, as compared to the Suncor Compensation Peers, in relation

to revenues, market capitalization and assets, is also provided for on page 26 of this management proxy circular.

The following tables display the compensation structure for 2013 for all non-employee directors, including the chairman
of the Board. The total compensation structure for the Board’s non-employee directors and the chairman of the Board did

not change from 2012 to 2013.

Compensation Structure for Non-Employee Directors (Excluding chairman of the Board) ($)
Retainer and Fees
.......................................................................................................................................................................................................................................................
Annual Retainer(1) 50 000
.......................................................................................................................................................................................................................................................
Annual Committee Chair Retainer:
.......................................................................................................................................................................................................................................................
Audit Committee 25 000
.......................................................................................................................................................................................................................................................
HR&CC 15 000
.......................................................................................................................................................................................................................................................
Environment, Health, Safety and Sustainable Development (‘‘EHS&SD’’) Committee and

Governance Committee 10 000
.......................................................................................................................................................................................................................................................

Annual Committee Member Retainer:
.......................................................................................................................................................................................................................................................

Audit Committee 6 000
.......................................................................................................................................................................................................................................................

EHS&SD Committee, Governance Committee and HR&CC 5 000
.......................................................................................................................................................................................................................................................

Board Meeting Fee and Committee Meeting Fee 1 500
.......................................................................................................................................................................................................................................................

Travel within continental North America (Per Round Trip)(2) 1 500
.......................................................................................................................................................................................................................................................

Travel originating from outside continental North America (Per Round Trip)(3) 3 000
.......................................................................................................................................................................................................................................................

Annual Equity
.......................................................................................................................................................................................................................................................
Annual DSU target value(4) 180 000

16 SUNCOR ENERGY INC. MANAGEMENT PROXY CIRCULAR 2014