HC-5.2.1
The Board of Directors must:
(a) Review the investment firm licensee's remuneration policies for the approved persons , which must be approved by the shareholders;
(b) Make recommendations regarding remuneration policies and amounts for specific persons to the whole Board, taking account of total remuneration including salaries, fees, expenses and employee benefits; and
(c) Remunerate Board members based on their attendance and performance.
January 2011