The primary objective of the Remuneration Committee (as a standing committee of the Board) is to assist the Board in developing and establishing competitive remuneration policies and packages.
The Remuneration Committee shall be appointed by the Board from amongst their number and shall comprise wholly or mainly non-executive directors.
The Nomination Committee will report to the Board the nature and extent of the functions performed by it and may make such recommendations to the Board as it may think fit.
The Committee will meet as frequently as the members shall decide, with due notice of issues to be discussed and should record its conclusions whilst discharging its duties and responsibilities.
The quorum for a meeting shall be at least two (2) members present.
The duties of the Remuneration Committee shall include the following:-
Whilst discharging the above duties, directors should abstain from discussion of their own remuneration.