Code of Corporate Governance

HR and Remuneration Committee

The Company is committed to the objective of promoting investor confidence and the rights of shareholders by:

• Review of HR Policies and Procedures Manual of the Company;
• Ensure that a fair, transparent and competitive remuneration mechanism is in place that encourages the culture of “pay for performance”;
• Approving the appointment, compensation package, promotion/demotion and renewal of the employment contracts of Executives (except CEO, CFO, CS and HOIA);
• Annual review of evaluation of performance of the staff;
• Oversight of other Human Resource functions including but not limited to review of Company’s organizational structure, training and development, succession planning of key executives etc.