The Nominating Committee and Remuneration Committee are two key committees of the board which deal with important matters such as board composition; nomination of directors; succession planning for directors and key management; assessment of director independence; board and director evaluations; remuneration policies and design; and setting of remuneration levels and mix for directors and key management.
Often, practices that are adopted by these committees comply with minimum requirements in listing rules and corporate governance codes but fall far short of the expectations of external stakeholders and do not contribute to a well-governed and managed company.
In this one-day workshop, participants will be exposed to leading practices relating to the responsibilities of the nominating and remuneration committees. The workshop 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 able to :
• Determine the appropriate board composition using a formal search and nomination process, board skills matrix, and board and director assessment results
• Understand common pitfalls in board culture and dynamics and how to mitigate them
• Assess the suitability of directors and director independence
• Plan for board renewal and succession
• Undertake effective board and director evaluations
• Formulate appropriate remuneration policies that motivate performance and the right behaviours
• Set remuneration of non-executive directors, executive directors, key management and other key employees
• Understand the common pitfalls relating nomination and remuneration matters that irk shareholders and how to avoid them