Summary by Moomoo AI
SJM HOLDINGS UPDATED THE TERMS OF REFERENCE OF THE REMUNERATION COMMITTEE ON 6 MARCH 2024. The committee is primarily responsible for formulating remuneration policies for the company's directors and senior management. The Committee shall consist of at least three directors, most of whom shall be independent non-executive directors and shall be appointed by the Board of Directors as Chairman of the Committee. The Committee's responsibilities include making recommendations on remuneration policies to the Board, reviewing management remuneration recommendations, setting the remuneration treatment for individual directors and senior management, and reviewing and approving compensation arrangements for directors and managers. Committee members are required to disclose any conflicts of interest and abstain from voting in the event of a conflict of interest. The Committee reviews its terms of reference annually and has the right to have direct contact with the Company's other directors, managers and employees, as well as to obtain the necessary resources and professional advice, at a cost to be paid by the Company.