Committee

Remuneration Committee

Functions

The functions expected of the Remuneration Committee are:

1. To carry out a transparent and formal procedure in developing and accessing the level of compensation that would be sufficient to attract and keep good calibre executive directors;
   
   
2. To determine the composition of the various types of components of remuneration such as basic salary, bonus and other benefits in kind for executive directors;
   
   
3. To ensure that the components of the remuneration package is linked to performance, responsibility levels and is comparable with packages offered by other similar companies;
   
   
4. To determine the level of remuneration for the Chief Executive Officer that would be sufficient to attract and retain him to manage the company.
   

Terms of Reference

Currently, the terms of reference of Remuneration Committee as APPROVED in THP’s Board Meeting on 9 March 2006 are as follows:-

1. To recommend the allowances of the non-executive directors;
   
   
2. To recommend the seating allowance of the directors and committee members;
   
   
3. To recommend the benefits to be entitled to the non-executive directors to be fully borne by the company;
   
   
4. To recommend the review of the Scheme of Services, if necessary;
   
   
5. To recommend to the Management the remuneration package of the Managing Director and the Chief Operating Officer as contained in the Scheme of Services;
   
   
6. To recommend, to review of the company's benefits which are not contained in the Scheme of Services.