2020 ASEAN Corporate Governance Scorecard

Level 1 PRIMARY CGS SECTIONS
E.3.15

Does the company have measurable standards to align the performance-based remuneration of the executive directors and senior executived with long-term interests of the company, such as claw back provision and deferred bonuses?

Response

YES. The Board-approved Strategy Map ensures alignment of a performance-pay system based on performance indicators. It adopts a six-point perspective towards delivery of sustainable hinged on a vertical integration of our coal energy business - Stakeholders' Sustainability, Safety & Health, Organizational Development and People Excellence. Results of financial and non-financial scorecard are disclosed and reported in our quarterly and annual reports.

 

In addition, claw back provision and deferred bonuses are provided in case of serious misconduct or material misrepresentation.

 

Company Website                                         

Good Governance Department

Joseph D. Susa
Tel: (+632) 8888-3942
Email: [email protected]