Remuneration Policy & Procedures
This policy sets out the criteria to be used in recommending the remuneration package of Directors of Selangor Properties Berhad (“the Company”) and is in line with the best practice provisions of the Malaysian Code on Corporate Governance.
The Remuneration Policy for Directors is in line with the Group’s overall practice on compensation and benefits, which is to reward employees competitively, taking into account performance, market comparisons and competitive pressures in the industry. Whilst not seeking to maintain a strict market position, it takes into account comparable roles in similar organisations.
The Remuneration Committee should conduct a periodic review of the criteria to be used in the recommendation of the remuneration package of Directors and EC. The Remuneration Committee should promptly communicate the new changes or amendments of the criteria to the Board and individual Directors.
The Remuneration Committee ensures that the Remuneration Policy supports the Company’s objectives and shareholder value and is consistent with the Company’s culture and strategy.
This policy shall be reviewed by the Remuneration Committee annually. The Board should disclose this policy in the Company’s website.
This Policy is dated 20 September 2018.