The Board has a formal and transparent procedure for developing policy on director and executive remuneration, and for fixing the remuneration packages of individual directors and key management personnel. No director is involved in deciding his or her own remuneration.
The level and structure of remuneration of the Board and key management personnel are appropriate and proportionate to the sustained performance and value creation of the company, taking into account the strategic objectives of the company.
The CG Guides series is the definitive guide and reference to what directors need to know about Board and Board Committee practices in the context of the business and regulatory environment in Singapore.
The series comprises six printed Guidebooks and this eGuide platform. It is produced by SID with resources from Deloitte, EY, KPMG, Mercer and PwC, and support from ACRA, MAS and SGX.
While the Guides are intended for use by listed companies, the practices and guidance are also useful to private companies and non-profit organisations.