112
Annual Report
2013
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Remuneration for Directors and High-level
Executives
Directors’ Remuneration (for the Board of
Directors and Committees’ members) is considered
by the Human Resources and Remuneration
Committee and approved by the Board of Directors
before it is submitted to the annual shareholders’
meeting for approval. The remuneration complies
with the Company’s director remuneration policy
and practice. Remuneration for the directors and top
executives is related to the goal and performance of
the Company’s Group, their responsibility, and the
practice in other companies in the same industry
in terms of business and size. The remuneration
is also determined to motivate and retain human
resources of required knowledge, capability, skills
and experience that contribute to the success of
the Company. Remuneration of the top executives is
reviewedby theHumanResources andRemuneration
Committee based on the annual key performance
indices jointly agreed earlier before it is presented to
the Board of Directors for approval. The objective and
criteria are the same as consideration on directors’
remuneration. In considering remuneration of the
top executives, persons who have conflict of interest
did not attend the meeting. The Board of Directors
approved the remuneration of the top executives
which is in accordance with appraisal results. The
Chairman of the Board informed the Chief Executive
Officer of the resolution. (Details on remuneration for
the Boardof Directors andManagement are published
in the Management Structure Section.)
5.9 New Director Orientation and the
Development of Directors and
Executives
TheBoardof Directors helps newly appointed
director by providing orientation kit. The CEOpresents
a briefing at the orientation session. Information
included in the orientation kit are nature of business,
details of committees, investment structure,
organizational structure, financial performance and
