Nomination & Remuneration Committee

Highlights

The Nomination and Remuneration Committee is made up of entirely Independent Non-Executive Directors to ensure no Executive Director of the Board is involved in deciding his own remuneration package.

 

Composition

The Committee, set up in 2003, is made up of three prominent members of the community with related expertise.

 

Nomination and Remuneration Committee Members

  • Ronald J. Arculli GBM, CVO, GBS, OBE, JP (Chairman)
  • Dominic C.F. Ho
  • H.K. Chang GBS, JP
 

Functions

The Committee is responsible for setting policy on remuneration of Executive Directors of the Board and for fixing the remuneration packages for all Directors of the Board.

The Committee obtains benchmark reports for the evaluation of market trends and the competitiveness of the remuneration being offered to Board Members and senior management. The Committee considers factors such as salaries paid by comparable companies, time commitment and responsibilities and employment conditions elsewhere in the Group.

The Company is one of the very few major Hong Kong real estate firms that have an effective stock option scheme for its top executives. The Committee strictly controls the amount of share options to be granted.

Terms of Reference



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