Dangote Cement Plc Annual Report 2021
Board Remuneration, Governance
and Nomination Committee report
Corporate governance
.
Roles and responsibilities
The purpose of the Committee is to assist the Board to discharge
its oversight responsibilities including:
establishing the criteria for Board and Board Committee
memberships, and assessing candidates' qualifications and
the contribution of current Directors;
reviewing the implementation and effectiveness of the
governance policies;
•
planning the Board composition, as well as succession
planning for the Board and Executive Management;
Emmanuel Ikazoboh
Independent Non-Executive Director
Role of the Committee
Members
Emmanuel Ikazoboh (Chairman)
Meetings attended
(eligible to attend)
Ernest Ebi
Sir Michael Davis
Cherie Blair
Berlina Moroole
Attended
Medical absence
Not attended
Not a member as at date
•
•
ensuring that the performance of the Board is periodically
evaluated;
monitoring the implementation of the remuneration policy
and making recommendations on the remuneration of the
Directors; and
overseeing the Group's human capital strategy and make
recommendations to the Board on the Group's organisational
and compensation structures.
Activities during the year
The reports of the Committee are presented to the Board,
providing the Board with summaries of discussions as well as its
recommendations. During the year, the Committee carried out
the following:
•
reviewed proposals to train the Directors;
monitored the effectiveness of governance policies vis-à-vis
regulatory requirements;
reviewed Management reports on the remuneration structure;
complemented succession planning initiatives; and
monitored the performance evaluation of the Board, and of
the KPIs of the Executive Committee.
Composition and attendance
Some members of senior and Executive Management are
invited to attend meetings to provide necessary information,
as well as updates on directives requested by the Committee.
The Committee met 5 times in 2021 and its composition and
attendance are stated on page 187, while details of each
Committee member are set out on pages 70 to 72.
Introduction
I am pleased to introduce the report of the Board Remuneration,
Governance and Nomination Committee. The Company's
remuneration principles aim to remunerate personnel
commensurately in compliance with applicable law. The fixed
component of remuneration is paid as a base salary; the variable
components are intended to reflect, clearly and directly, the joint
performance of the Board and Management, taking cognisance
of interests of various stakeholders.
Emmanuel Ikazoboh
Chairman of the Remuneration, Governance and Nomination
Committee
1st March 2022
Dangote Cement Plc Annual Report 2021
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