The EOH Holdings Ltd 2019 AGM

At Proxy View we resolved to vote against the executive compensation policy and report of EOH at its upcoming AGM on 20 February. 

The reason is that the remuneration policy does not outline any KPIs or performance criteria, enabling shareholders to assess the fairness of the STI and LTI benefits accruing to executives. 

Furthermore, the remuneration implementation report does not outline how the KPIs for short term incentives are applied, nor the extent to which the performance criteria were achieved, particularly in respect of the bonuses paid to several executives who resigned during the year. 

Shareholders will not be able to determine for themselves the quantum of benefits paid to the executives, as the details published per the integrated report are inadequate.