Remuneration Committee
The Remuneration Committee was established in December 2005 and comprises of a majority of non-executive and independent non-executive directors. The primary functions of the Remuneration Committee are:
- to review and recommend to the Board on the Company’s policy and structure for all remuneration of the executive directors and senior management;
- to determine the specific remuneration packages of all executive directors and senior management;
- to recommend to the Board of remuneration of all non-executive directors;
- to review and approve compensation arrangements for the executive directors and senior management; and
- to carry out its duties in a manner that it deems expedient, subject always to any regulation of restrictions that may be imposed by the Board from time to time.
Terms of Reference of the Remuneration Committee