Summary of Remuneration & Nominations Committee
Biota's Remuneration & Nominations Committee consists of at least three members, including a Committee Chairman, as appointed by the Board. The Committee has a majority of non-executive directors who are independent of management or business relationships which could interfere with their judgment.
The Committee's main responsibilities include determining and agreeing with the Board on:
- Remuneration policies including performance related pay schemes, while giving due regard to legal considerations;
- Required skills of directors, succession plans (including appointment and re-election of directors), and the evaluation process for the performance of the Board, its Committee's and directors; and
- Progress towards diversity objectives.