Ridge Outdoor International Limited (樂欣戶外國際有限公司) has issued a document outlining the Terms of Reference for its Remuneration Committee, which is responsible for establishing remuneration policies and structures for the company’s directors and senior management, including pay packages and performance incentives. According to the document, the committee comprises at least three members, the majority of whom must be independent non-executive directors, with one of those directors serving as chair.

The Terms of Reference detail meeting procedures, specifying that the committee will convene at least once a year. Decisions require a quorum of two members, and a majority vote will decide committee motions. The committee is granted full access to management and may seek independent professional advice when necessary. Its key duties include reviewing and approving remuneration proposals in line with the company’s goals, assessing annual performance, and monitoring benefits and compensation rights. The document also specifies that no director may determine their own pay, ensuring objectivity and transparency in remuneration matters.