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Topic: Business
Number of pages / Number of words: 6 / 1401
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This will make the work of remuneration committee very easy. The remuneration policy should be properly disclosed before the shareholders in the AGM for their approval. The policy statement should have guidelines like:

a) A detailed summary of the fixed remuneration and other benefits to be received by the directors during their stay as board members...

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This will provide for the rationale of linking the remuneration with performance measures chosen and their appropriateness

e) A summary of the methods used in assessing whether any such performance conditions are met. This will provide for transparency and credibility of the remuneration system.

f) If such performance conditions involve comparisons with external factors, a summary of the factors to be used...

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