The increase in overall Annual Bonus opportunity does not increase the cash reward opportunity, as any incremental reward is delivered in the form of shares deferred for three years. The Committee is very aware of the sensitivity amongst stakeholders to levels of executive pay. We engaged ...
Variable remuneration is subject to malus and clawback rules. The Supervisory Board can demand repayment of variable remuneration in part or in full if the consolidated financial statements prove to contain errors (clawback). If an Executive Board member commits an act of intentional misconduct, unp...
The Committee therefore agreed it was important to incentivise and reward truly exceptional performance, on the occasions it is achieved, to reinforce the step change in performance culture. As a result, one key policy change to the Annual Bonus is proposed. The current bonus maximum of up to ...
Book profit isamount calculated as per Income Tax Act to arrive at amount of maximum allowable deduction of remuneration of partner. In this article we discussion about steps to calculate book profit of Partnership firm to calculate partners remuneration. What is a casual income? Casual income, as...
person duly qualified to act as an auditor of the accounts of the branch office in accordance with the laws of that country and the duties and powers of the company’s auditor with reference to the audit of the branch and the branch auditor, if any, shall be such as may be prescribed:...
aAny Director, or any Director's firm, partner or any company with whom any Director is associated, may act in any capacity for, be employed by or render services to the Company and such Director or such Director's firm, partner or company shall be entitled to remuneration as if such ...
As per S.No 6 of the said notification, a company or a body corporate located in the taxable territory is liable to pay GST on RCM basis on services received from its directors.
–– Travel expenses: include travel costs for the Executive Director and as appropriate for their spouse/partner associated with accompanying the Executive Director on GSK business, which are deemed to be taxable benefits on the Director. –– Other benefits: expenses incurred in the ordinary ...