BEYOND BOX-TICKING: ESSENTIALS FOR EFFECTIVE REMUNERATION COMMITTEES

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PROGRAM 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.

At the end of the program, participants will be better equipped to:

  • 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.

Who should attend?

  • Board of directors who sit on Remuneration Committees
  • Chairmen of board of directors
  • Anyone who might find this program helpful

Should the Covid situation worsen and infection rates rise, we may resort to conducting the programs online or via a hybrid mode. In the event that that happens, please rest assured that participants will be notified ahead of time.

Beyond Box-Ticking: Essentials for Effective Remuneration Committees

MARCH 9

9.00am – 5.00pm

Program Fee

RM 2,500