Remuneration policy: In response PIC gave clarity on the following issues with regard to the remuneration policy:
It was indicated that some indicators were already disclosed in the report and they just needed to be aligned to reward system.
The PIC suggested that the KPIs should have performance measures and targets and weightings must be allocated to these indicators.
The PIC also provide guidance on the Long Term Incentive Plan and encouraged Resgen to have performance conditions for the LTI and indicators that could be included are Headline Earnings Per Share (HEPS), Total Shareholder Return (TSR) and Return on Capital Invested (ROIC).
The PIC also suggested companies that Resgen could align their remuneration policy to.