Remuneration of Directors
A remuneration committee was formed on 27 September 2005 for, inter alia, the following purposes:–

(a) to make recommendations to the Board on policies and structure for remuneration of directors and senior management and on the establishment for a formal and transparent procedure for developing policy on such remuneration;

(b) to determine the remuneration packages for executive directors and senior management and to make recommendations
to the Board on the remuneration of non-executive directors.

The Remuneration Committee is made up of all the Company’s independent non-executive Directors, namely,