Summary by Futu AI
Sands China Limited amended and approved the terms of reference of the Remuneration Committee on 15 March 2024. THE COMMITTEE IS RESPONSIBLE FOR MAKING RECOMMENDATIONS ON THE REMUNERATION POLICIES AND STRUCTURES OF THE COMPANY AND ITS SUBSIDIARIES FOR DIRECTORS, SENIOR EXECUTIVES, SENIOR MANAGEMENT AND OTHER HIGHLY PAID EMPLOYEES. The amendments include the organisation of the Remuneration Committee, the number of meetings, the decision-making process, and the scope of responsibilities such as the determination of the level of remuneration, the audit of the remuneration scheme, and the compensation arrangements of directors and senior management. The majority of the members of the Remuneration Committee are independent non-executive directors and should meet at least four times a year. In addition, the Committee has the right to appoint consultants to assess remuneration and to propose amendments to the terms of reference to the Board of Directors. This amendment aims to improve transparency and fairness in pay decisions.