32 Fostering Sustainable Ecosystems Corporate Governance and Business Ethics Message from CEO Corporate Overview About the Report Transparent Remuneration Design Process The Board’s talent committee oversees remuneration design, while CEO compensation decisions are guided by independent consultants for unbiased evaluations. Stakeholder perspectives, especially from shareholders, are actively sought and incorporated, promoting inclusivity and shared ownership in decision-making. Factors in Nomination Competencies Diversity Independence Stakeholder Views Ensuring Independence in Remuneration Assessments An independent study conducted with external remuneration consultants ensures impartiality in evaluating compensation structures. Detached from the organization and its governance body, these consultants uphold transparency and integrity. This practice aligns remuneration policies with stakeholder expectations while contributing to robust corporate governance. Ensuring Effectiveness of our Board To ensure the evaluation of performance of our highest governance body, we follow a three-step procedure. Assessment This stage involves comprehensive selfassessment, external reviews, and strategic measures to improve Board effectiveness and organizational practices. Identification We identify areas of improvement highlighted by these assessments, reflecting our dedication to continuously enhancing governance processes. Decision-Making We acknowledge the value of diverse perspectives, therefore, we established an advisory board, offering diverse perspectives and market insights. This supports the Board in enriching governance with broad areas of expertise.
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