Remuneration Committee
Remuneration Committee
The Remuneration Committee will assist the Board to fulfil its responsibilities in ensuring that Royal Far West has appropriate remuneration packages for senior staff.
Functions:
- Review and assess, as required by the Chairman of the Board, the remuneration policies and practices of Royal Far West
- Review and assess as required by the Chairman of the Board, the recruitment, retention, succession planning, key person risk, performance management and termination policies of the Royal Far West and monitor their implementation and administration
- Review and make recommendation to the Board to endorse on an annual basis the remuneration of the Chief Executive Officer
- Review and make recommendation to the Board any submission proposed by the Chief Executive Officer to remunerate applicable senior staff
Requirements:
- Review of remunerations to be presented to the Remuneration Committee by March of each year for review and submission to the Board for approval prior to the end of that financial year
- Papers to be distributed to the Committee by the Chief Executive at least one week prior to the meeting
Members
- Two Directors, elected by the Board
The Committee may invite the Chief Executive Officer and/or Human Resources Manager to attend meetings of the Committee.
