Executive Compensation Principles

Suggested Industry Standard Practice


● The board should oversee the compensation system spearheaded by the remuneration committee and monitor it to align it with prudent risk-taking.

● Must be sufficient to attract, retain and motivate executive officers but must be balanced against the bank's interest and not pay excessive remuneration.

● Avoid excessive risk-taking when remuneration is tied to performance

● No sitting allowance, directed fees for the executive directors, whereas non-executive directors would be entitled to such benefits.

● Equity-based remuneration such as share option shall be tied to performance subject to shareholders’ approval at AGM.


Shares held by executives shall be disclosed in annual reports.


Independent directors shall determine the compensation of the executives.