The C-Suite Remuneration Policy (“Policy”) is to set an appropriate level of remuneration that allows Eco World Development Group Berhad (“EcoWorld Malaysia”) to attract and retain the services of a suitable number of talented and well-qualified employees to drive the long-term business strategies of EcoWorld Malaysia.
This Policy applies to the management of EcoWorld Malaysia who falls under the category of C-Suite.
C-Suite in this context refers to:-
Focus on long-term sustainable performance.
When recommending salaries, the Remuneration Committee considers practice in other comparable property development companies as well as other companies of a similar size, geographic spread and business dynamics to EcoWorld Malaysia.
The C-Suite is entitled to receive those benefits available to all employees of EcoWorld Malaysia. The said benefits include group insurance coverage, medical benefits, motor vehicle related benefits, annual leave and other benefits that are considered to be
appropriate in terms of the individual’s role.
The bonus is based on performance against annual measures and targets set at the start of the financial year, evaluated at the end of the financial year.
The level of bonus payable may vary depending on the job performance.