HC-5.2 HC-5.2 Remuneration Committee
HC-5.2.1
The Board must establish a remuneration committee of at least three directors which must:
(a) Review theinsurance licensee's remuneration policies for theapproved persons , which must be approved by the shareholders;(b) Make recommendations regardingremuneration policies and amounts forapproved persons to the whole Board, taking account of totalremuneration including salaries, fees, expenses and employee benefits; and(c) Recommend Board member remuneration based on their attendance and performance.January 2011HC-5.2.2
The committee may be merged with the nominating committee.
January 2011