Remuneration Committee Advisory

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:

*Benchmarking of Independent Non-Executive Director Fees

*Top Management Compensation Design

*Incentive Plan Review & Design

*Performance Management

*Value-added Compensation Data Services

*Corporate Governance

*Corporate Transformation