i.
Introduce any regulation which would enable the smooth administration and effective discharge of the Committee’s duties and responsibilities;
j.
To furnish a report to the Board of any findings of the Committee;
k.
Engage or appoint such other competent and professional advisers/consultants as may be deemed fit to assist the RC in the smooth discharge of its duties
herein;
l.
To establish a remuneration framework for key officers of the Group in order to attract and retain key personnel of requisite quality that increases productivity
and profitability in the long run;
m. To review and determine the appropriate remuneration package for key officers of the Group as follows:
- Head Office – Group Chief Executive Officer, Deputy Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Group Company Secretary;
n.
To review the salary increment or adjustment in the event of promotion or re-designation of key officers of the Group, where necessary;
o.
To review the annual increment and bonus payment for key officers of the Group basing on the performance of the Group and performance of the individuals,
where necessary;
p.
To establish schemes, options and remuneration and compensation plans for the key officers of the Group, where appropriate; and
q.
Generally, to decide and implement such other matters as may be delegated by the Company’s Board of Directors from time to time.
xi. Variation
The above Terms of Reference may be determined and/or varied by the Company’s Board of Directors at anytime and from time to time.
Remuneration
Committee
24
Wah Seong Corporation Berhad • Annual Report 2014
