Page 87 - Apraava Energy Report_01-73

Apraava Sustainability Report 2020-2021 87

Remuneration

Apraava Energy's

remuneration

philosophy is a key

component of the

company's overall

people strategy. Our

remuneration strategy

is performance-driven

and built on internal

and external equity,

allowing us to recruit

and retain talent.

Our remuneration is benchmarked against the
market on an annual basis by a third-party
expert. CLP Holdings' Human Resource &
Remuneration Committee approves the annual
pay increase recommendations. CLP Holdings
reviews and effects yearly increments and
variable payouts for the MD and his direct
reports. Annual increments and variable
payouts for all other employees are
recommended by the relevant function/asset
head, reviewed by the head of HR, and
approved by the MD.