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The Board must establish a remuneration committee of at least three directors which must:

(a) Review the insurance licensee'sG remunerationG policies for the approved personsG , which must be approved by the shareholders;
(b) Make recommendations regarding remunerationG policies and amounts for approved personsG to the whole Board, taking account of total remunerationG including salaries, fees, expenses and employee benefits; and
(c) Recommend Board member remuneration based on their attendance and performance.
January 2011
(1 Version)
Jan 1 2011 onwards
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