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TOPIC 6 Corporate Governance Mechanism BKAI3043 RISK MANAGEMENT AND…

- - - - to help it do its work
      - These subcommittees will look at specific topics in more detail and make recommendations to the board. The board is still responsible for everything that the subcommittees do.
    - - audit committee
        
        helps the board keep track of the company's finances,
      - remuneration committee
        
        makes decisions about the pay and benefits of the executives.
        
        is a group of independent directors within the company who are responsible for making decisions about executive compensation, including salaries, benefits, and other forms of compensation.
        
        aim:
        
        is to make sure that executive compensation is determined objectively and transparently
        
        to prevent conflicts of interest where executive directors might set their own compensation
        
        to prevent situations where the executive directors might use their positions to benefit themselves at the expense of the company and its stakeholders
        
        makes recommendations to the board of directors about executive compensation
    - - nomination committee
        
        is responsible for overseeing the appointment process for new directors.
        
        This includes making recommendations to the board, evaluating the balance of skills, knowledge, and experience on the board, and searching for suitable candidates.
        
        majority of the members of the nomination committee should be independent non-executive directors.
        
        members of the nomination committee should be listed in the annual report.