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48
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
AIRTIME
KING III
SUMMARY
CONTINUED
Chapter and principle
Comments on application
A governance framework should be agreed
between the Group and its subsidiary
boards
The governance framework is applied by subsidiary
boards.
Companies should remunerate directors
and executives fairly and responsibly
The RNC is in place and assists the Board in ensuring
the Group’s remuneration policy attracts, retains and
motivates top-quality people in the best interests of
the Group.
Companies should disclose the
remuneration of each individual director
and Prescribed Officer
The disclosure of directors’ and Prescribed Officer’s
remuneration meets the requirements of the Act and
this governance principle.
Shareholders should approve the
Company’s remuneration policy
Approved at the Annual General Meeting on
29 November 2013.