The board should establish a remuneration committee of at least three
(a) Review the
licensee's remuneration policies for the approved persons, which should be approved by the shareholders and be consistent with the corporate values and strategy of the licensee;
(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.