Document background
The Director Remuneration Confirmation Letter is a essential governance document used in Hong Kong to formalize and document the compensation arrangements between a company and its directors. This document is typically issued following either the initial appointment of a director or when there are significant changes to their remuneration structure. It should be used to comply with Hong Kong Companies Ordinance requirements and, for listed companies, the Hong Kong Stock Exchange listing rules regarding director compensation disclosure. The letter serves multiple purposes: it provides clear documentation of all compensation components, ensures transparency in director remuneration, helps fulfill regulatory compliance requirements, and creates a clear record for corporate governance purposes. The document is particularly important in the Hong Kong context where there is increasing scrutiny of director compensation and corporate governance practices.
