The policy for Directors’ remuneration is to provide a remuneration package needed to attract, retain and motivate Directors of the quality required to manage the business of the British American Tobacco Malaysia Group. The Company provides competitive remuneration and benefits necessary to attract and retain high quality Non-Executive Directors.
The remuneration strategy for the Executive Directors of the British American Tobacco Malaysia Group is to pay competitively and, through the use of an integrated pay and benefits structure, to reward corporate and individual performance in order to contribute to the Winning Organisation strategy of the British American Tobacco Malaysia. The remuneration strategy reflects the competitive nature of British American Tobacco Malaysia's operations, recognising the need to attract, motivate and retain high quality and calibre personnel. Executive Directors who are full time employees of the Company receive no additional compensation for services as a Director.
On an annual basis, the Remuneration Committee considers market competitiveness, business results, experience and individual performance in evaluating the Executive Director’s remuneration. The Remuneration Committee recommends to the Board the remuneration package of an Executive Director and it is the responsibility of the Board as a whole to approve the remuneration package of an Executive Director.
The details of the remuneration of Executive and Non-Executive Directors for the financial year ended 31 December 2013 are included in our 2013 Annual Report.