The board of directors of Vincent Ltd is concerned that the company’s remuneration packages for
directors and senior executives may have become excessively generous and could potentially make the
shareholders unhappy.
The board has seven directors. Ngan and Tony are the only two independent directors. The board does
not currently have a remuneration committee.
The board seeks your advice on an appropriate corporate governance solution to address their concerns.
Advise Vincent Ltd on how they should apply Principle 8 and Recommendation 8.1 of the ASX Corporate
Governance Council’s Principles and Recommendations
Sample Solution
