In corporate governance principles,remunerate fairly and responsibly means:
A)All board members should be paid the same amount of remuneration.
B)All employees of an organisation should be paid fairly.
C)The organisation should be able to demonstrate a clear link between company performance and executive remuneration.
D)The organisation should be able to demonstrate a clear link between employee performance and employee remuneration.

Question

Quizplus · Accepted Answer

Remunerating fairly and responsibly in corporate governance principles refers to the link between company performance and executive remuneration. The organization should be able to demonstrate how the pay of top executives is tied to the performance of the company, ensuring that their pay is fair and responsible. Option A and B are incorrect because fair and responsible remuneration refers only to executives and board members, not all employees. Option D is also incorrect because it focuses solely on employee performance, whereas the question is about remuneration principles for executives.

In Corporate Governance Principles,remunerate Fairly and Responsibly Means