Nomination and Remuneration Committee

Highlights

Only Independent Non-Executive Directors are members of the Nomination and Remuneration Committee to ensure no Executive Director or senior management is involved in deciding his own remuneration.

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 Executive Directors' remuneration and for fixing the remuneration packages for all Directors.

The Committee obtains and reviews benchmark reports from internal and external sources to evaluate market trends and the competitive levels of remuneration being offered to Directors and senior management. The Committee considers factors such as salaries paid by comparable companies, time commitment and responsibilities of the Directors, employment conditions elsewhere in the Group and the desirability of performance-based remuneration.

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 to be issued each year.

Terms of Reference