Remuneration and Nomination Committee

Composition of Nomination and Remuneration Committee


Independency Statement

Work Guidelines for NR Committee

  1. Structure and office term,
  2. Duties and responsibilities,
  3. Work procedures,
  4. Meetings,
  5. Reporting and disclosure,
  6. Budget

Duties, Responsibilities and Authorities

  1. Provide recommendations to Board of Commissioners regarding:
    • composition of members of Board of Directors and Board of Commissioners;
    • policy and criteria of nomination process; and
    • performance assessment policy for members of oard of Directors and Board of Commissioners.
  2. Assist Board of Commissioners in performance assessment of members of Board of Directors and Board of Commissioners based on benchmarks that have been prepared as evaluation material;
  3. Provide recommendations to Board of Commissioners regarding competency development programs for members of Board of Directors and/or members of Board of Commissioners;
  4. Propose candidates who meet requirements as members of Board of Directors and/or members of Board of Commissioners to Board of Commissioners, to be submitted to GMS.
  1. Provide recommendations to Board of Commissioners regarding structure, policy and amount of remuneration for members of Board of Directors and Board of Commissioners.
  2. Assist Board of Commissioners in performance assessment and alignment with remuneration received by each member of Board of Directors and Board of Commissioners.

Committee Meeting

Activity Report

  1. Providing input to Board of Commissioners and management for 2019 KPI structure of Board of Directors and evaluating the Board of Directors performance.
  2. Recommend candidates for Directors

Board of Directors Succession Policy