Remuneration Committee Advisory
Remuneration Committee is responsible for ensuring compensation levels and packages for senior management are well designed to align with long-term value creation and shareholder's interests. The annual challenges faced by remuneration committee includes:
- Review the peer group and competitive positioning of senior executives
- Approves pay review, bonus and long-term incentives for senior management
- Determines and agrees the fees for Independent Non-Executive Directors (INED)
- Approves proposal to award sign-on bonus to senior management recruits
- Approves the overall STI and LTI pools on an annual basis
- Ensures that the remuneration policy is appropriate and consistent with effective risk management
A remuneration committee would typically hold three to four meetings every year. Below are Pretium's advice on key activities in different quarters:
