Directors’ and Management’s Remuneration
- • Board of Directors’ and Committees’ Remuneration: The Nomination and Remuneration Committee determined the criteria and policy or calculating compensation for Board of Directors and Sub-Committees, by evaluating each director on the basis of their duty, workload, accountability and responsibility, performance, and expected contributions. The Committee also compared the compensation levels against companies in similar industries, before presenting the proposal to the Board of Directors and/or shareholders meeting for approval.
- • Management’s Remuneration: Compensation for management is in accordance to principles and policies set out by the Board of Directors, which correlates with the performance of the Company and the performance of each manager, and requires approval from the Board of Directors.
- • Remuneration in 2009: Details of compensation of the Company’s directors and management are shown under clause “Board of Directors, Executive Committee and Management Remuneration”
