Remuneration Policy
REMUNERATION POLICY FOR DIRECTORS, GROUP CHIEF EXECUTIVE OFFICER & DEPUTY GROUP CHIEF EXECUTIVE OFFICER
 

Principles

1.
The underlying principle is to attract, recruit and retain the right people who possess the required skills, experience, professionalism and integrity to be members of the Board of Directors (“Board”) and to be the Group CEO (“GCEO”) and Deputy Group CEO (“DGCEO”) to enhance the Group’s long term shareholders’ and stakeholders’ values.
2.
The remuneration of Independent Directors should not conflict with their obligation to bring objectivity and independent judgment on matters deliberated by the Board.

Policy


Executive Directors, Group CEO & Deputy Group CEO
 

1.
The remuneration package of the Executive Directors, GCEO and the DGCEO must be competitive and contribute to ensuring that the Group is able to attract, recruit and retain the Executive Directors, GCEO and DGCEO to perform their best.

2.
Executive Directors, GCEO and DGCEO shall be provided with a competitive remuneration package which may comprise fixed and variable elements and the level of remuneration shall be determined after taking into consideration the following factors :


a.
b.
c.
d.
e.
f.
g.

Group performance (both qualitative and quantitative)
Scope of duty and responsibilities of the Directors, GCEO and DGCEO
Skills and experience of the Executive Directors, GCEO and DGCEO
Individual’s performance (both qualitative and quantitative)
General economic situation and operating environment
Future prospect of the business
Prevailing market practices

3.
Their remuneration is reviewed at least once a year by the Nomination & Remuneration Committee, which will then make recommendation to the Board for the Board’s approval.


Non Executive Directors

 

1.
All Non- Executive Directors shall be paid annual Directors’ fees.

2.
Non-Executive Directors shall be paid meeting allowance for each Board and Board Committee meeting attended.

3.
Non-Executive Chairman shall be paid monthly fixed allowance and other benefits-in-kind.

4.
The Directors’ fees and Non Executive Directors’ remuneration shall be presented to the shareholders for their approval.
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