Nomination & Remuneration Committee

Highlights

The Nomination and Remuneration Committee comprises entirely Independent Non-Executive Directors to ensure no Executive Board Member 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

• Nelson W.L. Yuen _(Chair)
• Andrew K.C. Chan _{BBS, JP}
• Anita Y.M. Fung _{BBS, JP}

Functions

The Committee is responsible for setting policy on and determining remuneration packages for individual Executive Board Members, and for recommending the remuneration for all Non-Executive Directors to 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 property companies that have an effective share option scheme for its employees. The Committee strictly controls the number of share options to be granted.

Terms of Reference