Purpose

• Reviews the remuneration policies of the Group
• Ensures that policies for selecting, planning for succession, and professional development of Executive Directors and senior management are appropriate
• Ensures that directors and staff are fairly rewarded
• Ensures that market-related reward strategies are adhered to
• Establishes performance targets for the Group’s incentive scheme
• Responsible for mitigating human resources related risk
• GREMCO reviewed and approved enhanced policies and frameworks for managing its workforce, including reward policy, performance management framework and succession and localisation plans.
• GREMCO reviewed and approved roll out of the talent management strategy which will ensure effective talent management, business continuity and sustainability.

Quorum:

Minimum of three members and majority required for a quorum.

Frequency of meeting:

Meets at least twice a year.