31 Sustainability Report 2024 Fostering Action on Climate Change Fostering Responsible Supply Chain Fostering An Inclusive Workplace GRI Content Index Nomination and Remuneration The nomination and selection of members for the highest governance body follows a rigorous process to ensure effective leadership and responsible governance. These standards align candidates' qualifications with stakeholder interests. The nomination process is designed to build a diverse and capable governance body composed of experienced individuals who bring both expertise and a strong commitment to the organization's success. This ensures that the leadership is equipped to navigate challenges while driving sustainable growth and stakeholder alignment. We consider the following factors when nominating and selecting our Board of Directors: Remuneration Policies and Processes Performance-Linked Variable Pay Structure Executives receive variable pay equivalent to four months of their base salary, contingent on both organizational performance and individual contributions. This model strengthens the link between remuneration and performance, incentivizing meaningful contributions to the organization’s success. KPI-Aligned Remuneration Policies Remuneration policies are tied to key performance indicators (KPIs) reflecting financial performance, environmental sustainability goals, and social responsibility metrics. This approach reinforces the organization’s dedication to sustainable business practices and ensures compensation aligns with contributions to economic, environmental, and societal impacts. Recruitment and Retention Incentives Strategically deployed sign-on bonuses are offered to attract top talent and secure critical positions. These one-time incentives align with our organization’s goal of acquiring skilled professionals.
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