Entire Section

  • Remuneration Committee

    • 3.25

      An issuer must establish a remuneration committee chaired by an independent nonexecutive director and comprising a majority of independent non-executive directors.

    • 3.26

      The board of directors must approve and provide written terms of reference for the remuneration committee which clearly establish its authority and duties.

    • 3.27

      If the issuer fails to set up a remuneration committee or at any time has failed to meet any of the other requirements in rules 3.25 and 3.26, it must immediately publish an announcement containing the relevant details and reasons. Issuers must set up a remuneration committee with written terms of reference and/or appoint appropriate members to it to meet the requirement(s) within three months after failing to meet them.