Nominations & Remuneration Committee

SCOPE

1. Compensation Strategies:  

The committee is responsible for designing, reviewing, and recommending compensation structures for employees at all levels within the organization. It ensures that compensation packages are competitive, fair, and aligned with industry standards and the organization’s financial capacity. 

2. Executive Compensation: 

It reviews and approves compensation packages for senior executives, ensuring alignment with company performance, shareholder interests, and market trends. 

3. Incentive Programs: 

The committee designs and oversees performance-based incentive programs, such as bonuses and stock options, to motivate and reward employees for achieving strategic goals. 

4. Benefits Management: 

It evaluates and recommends employee benefit packages, including health insurance, retirement plans, and other perks that enhance employee satisfaction and well-being. 

5. Staffing Strategies:  

The committee is responsible for reviewing and endorsing staffing plans, including hiring, promotions, transfers, and workforce optimization strategies that align with the organization’s goals. 

6. Talent Development:  

It oversees strategies for talent retention and development, ensuring that employees have opportunities for growth and skill enhancement to meet organizational needs. 

7. Succession Planning: 

The committee works on identifying potential leaders within the organization and ensuring a clear succession plan is in place for key roles to maintain continuity. 

8. Diversity and Inclusion: 

It supports initiatives that promote diversity and inclusion within the workforce, fostering a culture of equity and acceptance. 

9. HR Policy Review: 

The committee reviews and recommends updates to HR policies, ensuring they are up-to-date, compliant with laws, and in line with industry best practices. 

10. Employee Engagement: 

It oversees programs and strategies to enhance employee engagement, job satisfaction, and overall morale.

SCOPE

1. Compensation Strategies:  

The committee is responsible for designing, reviewing, and recommending compensation structures for employees at all levels within the organization. It ensures that compensation packages are competitive, fair, and aligned with industry standards and the organization’s financial capacity. 

2. Executive Compensation: 

It reviews and approves compensation packages for senior executives, ensuring alignment with company performance, shareholder interests, and market trends. 

3. Incentive Programs: 

The committee designs and oversees performance-based incentive programs, such as bonuses and stock options, to motivate and reward employees for achieving strategic goals. 

4. Benefits Management: 

It evaluates and recommends employee benefit packages, including health insurance, retirement plans, and other perks that enhance employee satisfaction and well-being. 

5. Staffing Strategies:  

The committee is responsible for reviewing and endorsing staffing plans, including hiring, promotions, transfers, and workforce optimization strategies that align with the organization’s goals. 

6. Talent Development:  

It oversees strategies for talent retention and development, ensuring that employees have opportunities for growth and skill enhancement to meet organizational needs. 

7. Succession Planning: 

The committee works on identifying potential leaders within the organization and ensuring a clear succession plan is in place for key roles to maintain continuity. 

8. Diversity and Inclusion: 

It supports initiatives that promote diversity and inclusion within the workforce, fostering a culture of equity and acceptance. 

9. HR Policy Review: 

The committee reviews and recommends updates to HR policies, ensuring they are up-to-date, compliant with laws, and in line with industry best practices. 

10. Employee Engagement: 

It oversees programs and strategies to enhance employee engagement, job satisfaction, and overall morale.

Unlock boundless opportunities and pave the way for a brighter tomorrow.

Invest in your education today!

Unlock boundless opportunities and pave the way for a brighter tomorrow.

Invest in your education today!