In today’s briefing:
- Move to Company with Statutory Committees Is Shortcut to Make the Compensation Committee Functional
Move to Company with Statutory Committees Is Shortcut to Make the Compensation Committee Functional
- With the revision of Corporate Governance Code in 2021 and its listing criteria on prime market, the groundwork has been laid to some degree to facilitate functioning of compensation committee.
- Meanwhile, there are not many companies with voluntary nominating and compensation committees that disclose the authority of their nominating and compensation committees in their annual securities reports.
- Many companies, even large companies, do not even have a compensation policy in place, indicating that individual director compensation is a much lower priority to consider.
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