Related party disclosures

12 Months Ended

Dec. 31, 2019

18. Related party disclosures

The compensation of directors and management is reviewed annually by the independent Governance and Human Resources Committee against industry practices for oil and gas companies of similar size and scope.

The following table summarizes the compensation of directors and other members of key management personnel during the years ended December 31, 2019 and 2018:


	Year Ended
	Dec 31, 2019	Dec 31, 2018
Short-term benefits	8,084	6,018
Equity based compensation	16,296	16,309
	24,380	22,327
Number of individuals included in the above amounts	19	18

During the year ended December 31, 2019, Vermilion recorded $0.2 million of office rent recoveries (2018 - $0.2 million) relating to an office sub-lease to a company whose Managing Director is also a member of Vermilion’s Board of Directors. This related party transaction is provided in the normal course of business under the same commercial terms and conditions as transactions with unrelated companies and is recorded at the exchange amount.