BOD Remuneration Procedure
The procedure for determining remuneration of the Board of Directors is as follows:
- Review the compensation for the members of the Board of Directors in other companies of the same industry and in accordance with market condition.
- Taking into account the Company’s performance and contribution of each individual, the management convenes in a discussion and provides recommendation.
- The recommendations are presented to the Board of Commissioners to be discussed and approved, and then discussed further at AGMS to obtain approval.