Board Nomination & Remuneration Committee

The Nomination & Remuneration Committee is a committee of the Fijian Holdings Ltd Board (‘FHL Board’). The role of the committee is to assist the board in fulfilling its duties by providing independent and objective review, advice and assistance to the Board and the CEO (as appropriate), on matters concerning Board Nomination and Remuneration related issues within the FHL Group.

The primary function of the Nomination and Remuneration Committee is to advise the Board on matters regarding:

  • The composition and nomination of the FHL Board and FHL Group Subsidiary Board;
  • The remuneration of the FHL Board and FHL Group Subsidiary Board;
  • Assessment of the necessary and desirable competency of Board
    members; and,
  • Recommendations for the appointment and evaluation of Directors.

Board Nomination & Remuneration Sub-Committee meets at least twice a year and more frequently as required. In the year under review, the committee met four times.

During the year, the committee is delegated to review all nomination matters of the FHL Board and Board appointments within the FHL Group for example:

Name
Capacity
Status
No. of meetings held
No.of meetings attended
Mr. Emitai Boladuadua
Chairman
Appointed
4
4
Mr. Iowane Naiveli
member
Appointed
4
4

 

  1. Process for the nomination and selection of non-executive directors to the FHL Subsidiary Board;
  2. Succession plans for FHL Group non-executive and independent directors;
  3. Induction programs for FHL Group non-executive and independent directors;
  4. Assess the requirement for non-executive and independent directors and set a transparent process to review whether they are meeting those requirements;
  5. Establish and monitor strategies on gender diversity for the FHL Board;
  6. Achievement against gender diversity objectives including representation of women at the FHL Board and Group subsidiary companies;
  7. Assess and approve the Directors Remuneration including directors fee, sitting allowance and other related benefits/allowance to the FHL Group non-executive and independent directors; and,
  8. Other relevant matters identified from time to time, or requested by the FHL Board.

 

FHL News Letter – April 2020

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