Guangzhou Xiao Noodles Catering Management Co., Ltd. has published the Terms of Reference for its Board of Directors’ Remuneration and Appraisal Committee. The document clarifies that this specialized committee will be responsible for setting and reviewing remuneration policies for directors and senior management, as well as conducting performance evaluations and organizing relevant assessments.

The committee will comprise three directors, two of whom must be independent non-executive directors. Its core responsibilities include formulating and reviewing remuneration structures, examining performance indicators, and proposing compensation arrangements in line with corporate governance requirements. The document also sets out procedures for convening meetings, voting on resolutions, and ensuring that any decisions are fair, transparent, and in compliance with applicable laws and the company’s Articles of Association.

The Terms of Reference further outline the workflow for performance appraisals, stipulating that directors and senior management should report on their duties and self-appraise before receiving committee evaluations. Approved remuneration proposals for directors will then be submitted for either Board or shareholder review, while plans for senior management remuneration will be presented to the Board for final consideration.