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  • HC-5.3 HC-5.3 Remuneration Committee Charter

    • HC-5.3.1

      The committee must adopt a written charter which must, at a minimum, state the duties in Paragraph HC-5.2.1 and other matters in Appendix C of this Module.

      October 2010

    • HC-5.3.1A

      Members of the remuneration committee must have independence of any risk taking function or committees.

      Added: January 2014

    • HC-5.3.2

      The committee should include only independent directors or, alternatively, only non-executive directors of whom a majority are independent directors and the chairman is an independent director. This is consistent with international best practice and it recognises that the remuneration committee must exercise judgment free from personal career conflicts of interest.

      October 2010