TA-2.3.7
The Board must establish a remuneration committee of at least three directors which must:
(a) Review the insurance licensee's remuneration policies for the approved persons , which must be approved by the shareholders;
(b) Make recommendations regarding remuneration policies and amounts for approved persons to the whole Board, taking account of total remuneration including salaries, fees, expenses and employee benefits; and
(c) Recommend Board member remuneration based on their attendance and performance.
| Rulebook Reference | HC-5 |
Amended: April 2011
Amended: January 2007
Amended: October 2007
Amended: January 2007
Amended: October 2007