Review market practices and benchmarks in executive remuneration

Identify typical KPIs used for companies’ senior executives

Implement executive remuneration programmes which were developed based on the remuneration philosophy

Monitor executives’ performance against KPIs set

Translate performance levels achieved into remuneration levels

Verify executive remuneration calculations and documentation

Identify gaps in executive remuneration programmes and processes

Review organisation’s strategies and core business to identify requirements of executive job roles

Define executive job roles’ KPIs in line with the organisation’s short and long term goals

Compare executive remuneration pay levels against benchmarks

Establish details of executive remuneration programmes in accordance with organisation’s remuneration philosophy

Communicate the executive remuneration programmes to key stakeholders to obtain support

Monitor external influences and trends that may impact executive remuneration programmes

Recommend improvements to executive remuneration programmes and processes

Determine the organisation’s executive remuneration philosophy

Establish key objectives of the organisation’s executive remuneration programmes

Determine eligibility for executive remuneration programmes

Endorse KPIs for executive roles

Secure buy-in from senior stakeholders on executive remuneration programmes and processes

Define criteria to evaluate the effectiveness of executive remuneration programmes and processes

Evaluate business viability and feasibility of executive remuneration programmes and recommended changes

Lead the refinement of executive remuneration programmes, policies and processes