Question

Write a note on the principles of remuneration.

27 Nov 2020
Answer :
Word Count : 865

The Sampo Group Remuneration Principles, established by the Board of Directors, are part of Sampo Group's internal governance framework. The Remuneration Principles describe the remuneration structure and the principles for setting up remuneration systems in Sampo Group. The Remuneration Principles apply to all companies within Sampo Group.

The core of the Remuneration Principles is that all remuneration systems in Sampo Group shall safeguard the long-term financial stability and value creation of Sampo Group and shall comply with regulatory and ethical standards. They shall also be aligned with risk management and thus be designed in parallel with the risk management principles and practices.

Remuneration mechanisms shall encourage and stimulate employees to do their best and surpass their targets. Remuneration packages shall be designed to reward fairly for prudent and successful performance. At the same time, however, in order to safeguard the interest of other stakeholders, _________ _________ _________ _______ _______ _________ _______.
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