Gearbulk Integrated Report 2023 - Report - Page 76
GEARBULK
REMUNERATION REPORT
ENSURING FAIR
& COMPETITIVE
REMUNERATION
Gearbulk asserts its commitment to fair compensation for all employees, emphasising that fair
remuneration plays a crucial role in fostering sta昀昀
retention. The Company implements a range of
controls aimed at upholding this principle, and
continually endeavours to enhance its practices
within the operational landscape.
At present, Gearbulk does not maintain a remuneration
committee due to the organisation’s size, which renders
such a structure impractical. Executive salaries are determined based on contractual agreements, with benchmarks
established against industry counterparts possessing similar
pro昀椀les.
Gearbulk salaries undergo regular scrutiny as part of the
annual salary review process, with any pertinent insights
acted upon by the Human Resources department accordingly.
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PART 3 – OUR STRATEGIC RESPONSE
