Beyond Box-Ticking: Essentials for Effective Remuneration Committees
Beyond Box-Ticking: Essentials for Effective Remuneration Committees
August 15, 2024
Date
9:00 AM – 5:00 PM
Time
RM 2,500* per pax
USD550* (foreign participants)
In-Person program
ONLINE option is available only to overseas participants and Malaysians who are traveling on the event date.
Overview
Remuneration of non-executive directors, senior management and other key officers often come under considerable scrutiny from shareholders, regulators and the media. Over the last decade, many developed countries around the world have introduced “say on pay” legislation which provides shareholders with binding or advisory votes on remuneration policies and packages of CEOs and other top executives.
Remuneration policies are closely linked to corporate culture and poorly-designed remuneration policies are often major contributors to fraud and misconduct in companies. The Remuneration Committee is therefore often under the spotlight and has to deal with important matters relating to remuneration policies and design, and setting of remuneration levels and mix for directors and key management.
In this 1-day program, participants will be exposed to leading practices relating to the responsibilities of remuneration committees. The program will be highly interactive, with extensive use of real-life case studies and realistic scenarios. The cases and scenarios explored in the program will span a range of companies, government-linked, family-controlled and widely-held companies, and both financial and non-financial services companies.
- Decide on the composition of the remuneration committee and scope of its responsibilities;
- Understand current controversies and trends relating to remuneration;
- Understand key issues relating to director and key management personnel remuneration;
- Formulate appropriate remuneration policies that motivate performance and the right behaviors;
- Understand the pros and cons of cash versus share-based remuneration; and features and pros and cons of different types of share-based remuneration;
- Set remuneration packages of non-executive directors, executive directors, key management and other key employees;
- Understand key issues such as bonus formulas; bonus pools; deferrals; malus and clawbacks; benchmarking; selection of peer companies, performance measures and targets; vesting of share-based remuneration; use of share-based remuneration for non-executive directors;
- Understand the common pitfalls and risks relating to poorly-designed remuneration policies;
- Learn how to link remuneration to ESG.
- Chairman of Boards
- Board Remuneration Committee Members
- Board of Directors
- Anyone who might find this program helpful.
Mak Yuen Teen
Visiting Faculty, Asia School of Business
Faculty Profile
Professor Mak Yuen Teen teaches at the NUS Business School, National University of Singapore, where he founded Singapore’s first corporate governance center in 2003 and founded the Centre for Investor Protection in 2024. He served on three of the four corporate governance committees set up by the Singapore authorities to develop and revise the code of corporate governance and currently serves on the Corporate Governance Advisory Committee under MAS.
Professor Mak has produced a guide for Nominating Committees with KPMG, and served on the advisory panel of the Singapore Institute of Directors which produced the Nominating Committee Guidebook. Between 2000 to 2005, he served on the Governing Council of the Singapore Institute of Directors.
He has written or edited nearly 300 corporate governance case studies and produced numerous reports on corporate governance. He also developed various corporate governance ratings and also the Singapore expert involved in the development of the ASEAN CG Scorecard. Professor Mak has extensive experience conducting training for directors, regulators and other professionals.
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Beyond Box-Ticking: Essentials for Effective Remuneration Committees
RM 2,500
*excludes Sales & Service Tax (8%)
