Management Development and Compensation Committee's roles and responsibilities are:
- To assess and evaluate performances; to determine annual remunerations and a compensation structure of President while offering him/her an advice regarding remunerations of Senior Executives.
- To consider a plan to develop skills and competency of President Nominees (in case of change).
- To determine significant HR policies i.e. and structure of staff's remunerations for Annual Remunerations and Budgeting, Rewards (bonus), etc.
- To consider an allocation of the Employees Share Options Program (ESOP) in case such allocation exceeds 5 percent of the program's shares.
Term of Management Development and Compensation Directors: 3 years each term.