- 10 Marks
SCS – Aug 2022 – L3 – Q7 – Ethics and Social Responsibility
Explanation of remuneration policies in Ghana’s Code of Best Practices and their implications for corporate governance at Bazar.
Question
Remuneration packages should attract individuals to a company and persuade them to work for the company. Ghana’s Code of Best Practices makes three statements about remuneration policy. The Code adds that the remuneration level for individual directors should reflect their experiences and the level of responsibilities they undertake.
Required:
i) Explain the three statements about remuneration as stated in the Ghana’s Code of Best Practices policy to support Bazar management engagement with the General Welfare Committee (GWC). (6 marks)
ii) Explain to the management of Bazar why executive remuneration is a governance issue. (4 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Director Compensation, Executive Remuneration, Governance, Remuneration Policy
- Level: Level 3
- Topic: Ethics and social responsibility
- Series: AUG 2022
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