Procedure and Basis for Determination of Directors Remuneration
The Procedures and Basis for Determining the Remuneration of the Directors are as follows:
- Review the Remuneration applicable to the industry in accordance with the business activities of similar companies and the scale of business of the Company in the financing industry.
- With regard to inflation, the Company’s financial condition and taking into account the performance and contribution of each individual, a discussion was held by the Nomination and Remuneration Committee to prepare recommendations.
- Recommendations are submitted to the Board of Commissioners for further discussion and approval, based on the AGMS Decree giving authority to the Board of Commissioners.