Algw9 Feb 2019 22:57
Anyone going to the Agm?
Recruitment The Committee already has in place a recruitment and selection process. The process is set up chronologically, from the time that the job becomes open for recruitment to the date the position is filled. The Committee and the Company as a whole is committed to employ, in its best judgment, suitable candidates for approved positions while engaging in recruitment and selection processes that are in compliance with all applicable employment laws. It is the policy of the Company to provide equal employment opportunity for employment to all applicants and employees. The recruitment and selection process is based on the following underlying principles: • The applicant will be chosen on the basis of suitability with respect to the position. • The applicant will be informed on the application procedure and the details of the vacant position. • The Company will request that the applicant provide only the information that is needed to assess suitability for the position. • The applicant will provide the Company with information it needs to form an accurate picture of the applicant’s suitability for the vacant position.• The information provided by the applicant will be treated confidentially and with due care; the applicant’s privacy will also be respected in other matters. • If an applicant submits a written complaint to the Committee, the Committee will investigate and respond to the complaint in writing. Maximum Potential Payment The maximum potential individual payment assuming all threshold and maximum performance met is 400% of the individual’s base salary on top of their base salary annual amount.
Remuneration Committee Report (continued) Consideration of Shareholders Views The views of our shareholders are always important to the Board, hence why the policy is to be formally approved by shareholders at the next available General Meeting. We also welcome shareholders views, where appropriate, at any time during the year, which can be submitted to the Board at info@algwplc.com.
Other Employees At present there are no other employees in the Company other than the Directors, so this policy only applies to the Board.
So if they want shareholder approval for that I think they will have to announce something before the Agm.
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