Compensation committee oversight required to administer share based and sweat equity schemes and ensure securities law compliance. A company must constitute a compensation committee to administer share based employee benefit and sweat equity schemes, delegating administration to a trust where applicable; membership must follow listing regulation board composition and the committee may be the nomination and remuneration committee. The committee must formulate detailed scheme terms per Part B of Schedule I and adopt policies to prevent violations of securities laws, including insider trading and unfair trade practice rules, applicable to the trust, company and employees.