Mininglamp Technology (2718) has released the terms of reference for its Remuneration Committee, highlighting the committee’s role in overseeing and designing remuneration policies for the board of directors and senior management. According to the announcement, the committee assists the board by establishing remuneration packages, deciding share-based incentives, and aligning compensation with the company’s performance targets and objectives.

The committee comprises at least two members and must be chaired by an independent non-executive director, with a majority of members also serving as independent non-executive directors. Meetings are scheduled at least once each year, and decisions are passed by a simple majority vote. Any key deliberations and outcomes are reported to the board, with final resolutions made available for inspection by directors upon request.

The scope of responsibility covers evaluating and providing recommendations on directors’ and senior management’s pay structures, including benefits, pension arrangements, and potential compensation following appointments or terminations. The committee also oversees share schemes as prescribed by relevant regulations. Resources to perform these duties are provided by the company, and the chairperson (or a designated member) attends the annual general meeting to address any shareholder queries.