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Cement Co's Non-Exec Director Pay Policy.pdf

Criteria of making payments to NEDs and IDs.pdf

Preview of Cement Co's Non-Exec Director Pay Policy

🔗 Source: burnpurcement.com

📊 Size: 359 KB

👤 Author: Admin

⬇️ Downloads: 37

Summary

Burnpur Cement Limited's payment criteria for Non-Executive Directors (NEDs) and Independent Directors (IDs) are as follows:

1. Remuneration Principles:
- Reflects company size, operational complexity, and payment capacity.
- Attracts, retains, and motivates directors aligned with company needs.
- Adheres to recognized best practices and regulatory limits.

2. Payment Components:
- Sitting Fees: Paid for attending board and committee meetings. Reviewed periodically.
- Commission: Based on company performance, profits, shareholder value, and other qualitative parameters.
- Expenditure Reimbursement: Covers reasonable expenses incurred while performing directorial duties, such as meeting attendance, site visits, and training.

3. Approval Process:
- The Nomination and Remuneration Committee (NRC) recommends sitting fees, commission, and expenditure reimbursement.
- The Board approves these recommendations, considering company performance and other significant factors.

4. Commission Distribution:
- The NRC recommends aggregate commission for all NEDs and IDs based on company performance.
- Individual commission is determined by the NRC based on evaluation factors, including meeting attendance, contributions, and other directorial activities.

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Description

Overall remuneration should reflect company size, industry complexity, and payment capacity. Sitting fees and commission may be paid within regulatory limits. Remuneration should be reasonable to attract and retain directors.

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File Format: PDF
File Size: 359 KB
Pages: 1
Language: EN
Author: Admin
Total Downloads: 37
Last Updated: 1 week ago

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Cement Co's Non-Exec Director Pay Policy.pdf

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