LUXE Holdings Remuneration & Nominations
GOVERNANCE

Remuneration Committee

 

The remuneration committee met once times during the period under review and additional meetings are convened as necessary.

The committee comprises three independent non-executive directors. The CEO attends portions of these meetings by invitation. He does not have a vote, nor does he participate in discussion regarding his remuneration. External remuneration specialist companies are requested to present to the remuneration committee as required.

Details of directors’ fees and remuneration are fully disclosed in the financial statements. In addition, the proposed fees to be paid to non-executive directors for approval by shareholders by way of a special resolution are set out in the notice of the annual general meeting.

Non-executive directors only receive remuneration that is due to them as members of the board. Directors serving as members on board committees will going forward, not receive additional remuneration. Remuneration of executive directors in their capacities as executive members of the management team, as approved by the committee, is fully disclosed in the consolidated financial statements. The committee invites executives and senior managers of the group to attend meetings as and when required.

Remuneration Responsibilities Include:

Nominations Committee

The nominations committee met once during the period under review and convenes additional meetings as necessary.

NOMINATIONS COMMITTEE RESPONSIBILITIES INCLUDE: