Executive Compensation 7-10 yrs exp – Hong Kong

Our Client is a regional corporate heavyweight and a leader in their sector. They need to hire an experienced Executive Compensation professional who will have a background ‘in house’ or in consulting who may be already working in the region or in UK/Europe/US.

Roles and Responsibilities

Executive Compensation

• Manage compensation and benefits programmes and related issues for senior executives, including Group Executive Committee (EXCO), Entity CEOs,  Entity CHROs and other Senior Leadership Team members
• Develop compensation proposals for new hires, promotions, terminations and other remuneration adjustments for Group EXCO, Entity CEOs, Entity  CHROs and other Senior Leadership Team members
• Prepare employment contracts or termination agreements
• Manage the market benchmarking of the senior executives for the annual Total Compensation Review to ensure roles are competitively priced based on   market data and internal positioning
• Manage participation in compensation or benefits surveys, and keep business partners informed and aware of the latest developments and trends observed in the market
• Manage external tax consultants to receive advice on tax related issues for Group EXCO and maintain knowledge of taxation issues that may impact  executive compensation practices
• Enhance policies and standards related to executive compensation

 

Group Remuneration Committee

• Manage the preparation for meetings, including drafting of Remuneration Committee papers and work closely with external Remuneration Committee  advisor provide thought leadership to influence the design of the executive compensation framework, including short- and long-term incentives
• Lead preparation of AGM Q&A’s for the Chairman of the Remuneration Committee
• Manage the budget and expenses related to Remuneration Committee advisory

Annual and Interim report – Directors’ Remuneration Disclosure

• Manage the Director’s Representation Form for all Group EXCO members
• Manage the compensation disclosure section for interim and annual report with compliance to the regulatory and Hong Kong Stock Exchange (HKSE)  listing requirements
• Monitor the regulatory and disclosure requirements with Company Secretarial, Legal and Group Finance on compensation disclosure

Other responsibilities

• Maintains a working knowledge of country tax and legal legislation that may affect reward policies
• Participate in ad-hoc P&R or HR projects as and when required

Non-Financial Measures

• Accuracy of data and papers prepared for various P&R programmes
• Timely and well-coordinated preparation and execution of Remuneration Committee requirements
• Prompt and effective handling of enquiries from HR community and various stakeholders
• Effective working relationship with management, department heads, HR Business Partners, Entity P&R community, internal departments and external advisors
• Ensure adherence of P&R programmes to policies, procedures and guidelines

Communication Requirements

Internal

• Group and Entity P&R Teams: Discussion and sharing on technical reward- related issues and / or information request
• Business Partners: Facilitate the reward-related conversation with business
• Group Finance: Maintain close working relationship in terms of budget and target setting for incentive programmes, cost centre budget preparation and  tracking, compensation disclosure requirement and financial / accounting  standards
• Group Legal and Corporate Secretarial: Ensure compliance against relevant regulations governing the executive compensation programmes and  employment contracts, as well as the required compensation disclosure of             senior executives

External

• Effectively manage external vendors on fulfilling our requirement with the best interest to the Company, for example the Remuneration Committee   advisor, Remuneration survey vendor and tax consultants.

Please contact us to discuss – rrowe@chatworthrowe.co.uk : 00 44 207 9369555