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The Romanian Investor Relations Association (ARIR), together with a working group consisting of lawyers, consultants and listed companies representatives, announce the release of a guideline, a set of best practices recommendations for implementing the remuneration policy, available for download here. We support the listed companies by defining the most important elements which should be included in a clear Remuneration Policy, in accordance with Issuers Law and investors’ expectations. At the same time, the guideline can be also used by companies that are not listed as a model of best practices.
The Remuneration Policy should include in a clear and easy to understand manner the principles underlying the remuneration of the managers, all the remuneration elements to which the managers are entitled, as well as the justification for granting the remuneration in relation to the company’s long-term objectives. All these elements have been addressed in the implementation guideline