This committee seeks to ensure professional and sound people management within the scheme by assessing and reviewing relevant HR and remuneration policies in the scheme. The committee advises the Board about the annual cost of living adjustment for the scheme’s employees.
The committee formulates the criteria used to benchmark annual remuneration surveys, the applicable remuneration rates for employee levels, trustees and independent committee members. The committee also implements the remuneration survey results or recommendations, performance review measures for the scheme’s employees and discloses the remuneration earned by trustees, independent committee members and members of the GEMS Executive Committee in the scheme’s annual integrated report.
The committee was established in December 2013 and their responsibility is to assist the Board to fulfil its mandate to deal with the scheme’s investment
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This committee deals with the benefit design for the scheme, its annual contribution rates and meets at least twice a year..
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The primary role of the Committee is to support the Board of Trustees of GEMS in ensuring effective....
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