Financial and Remuniration Committee
- • Finance Manager (Chairperson)
- • Factory General Manager
- • 1 Non- Executive Directors
- • The Group Sale and Marketing Manager
- • The Group Chief Human Manager
- Their responsibilities of the FRC are to:
- • Design, Monitor and Communicate remuneration and finance policies.
- • Assist the Exco and the board in its responsibility for setting and administering finance and remuneration policies and practices across the company in the company’s short and long- term interest.
- • Consider finance and recommend remuneration policies to Exco for all employment levels of the company.
- • Ensure the mix of fixed and variable pay in cash, shares and other elements, meets the company’s needs, and that incentives are based on targets that are stretching, verifiable and relevant.
- • Recommend to the board the fees payable to non-executive and non-active directors.
- • Guard against unjustified windfalls and gains arising from the operation if share based and other incentives.
- • Access the skill, acumen and experience of potential candidates for Directorship, Management and Staff.
- • Recommend to the EXCO how to eliminate Fraud and Money Laundering.
- • Look at matters of fraud and Money laundering and recommendation on steps to be taken to those individuals involve and how do the company recoup its money.
- • Look at the monthly and annul revenue and expense and make recommendations to the EXCO and/or the Board.