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ANNUAL REPORT 2016
The Directors’ remuneration is broadly categorised into the following bands:
Range of Remuneration
Executive Director(s)
Non-Executive Director(s)
The Company
Below RM50,001 to RM100,000
5
3
RM1,500,001 to RM1,550,000
1
-
The subsidiaries companies
RM100,001 to RM150,000
1
-
RM400,001 to RM450,000
1
-
RM750,001 to RM800,000
2
-
RM950,001 to RM1,000,000
1
-
RM1,300,001 to RM1,350,000
1
-
RM1,400,001 to RM1,450,000
1
-
Board Committees
The Board may from time to time establish appropriate committees and delegate specific duties to such committees as the Board deems fit. Such
committees shall operate within their own defined charters that are approved by the Board.
Reports on committees’ meetings and activities are submitted to the Board at the next regularly scheduled meeting of the Directors for their
evaluation and consideration. However, the ultimate responsibility for the final decision on the matters concerned, lies with the entire Board.
(i) Audit & Risk Management Committee (“ARC”)
The primary objectives of the ARC are to assist the Board in examining the Group’s financial reporting, risk management and control system,
internal and external audit processes, related party transactions and conflict of interests situation, and to submit to the Board its recommendations
and/or reports on matters within its purview or other matters of the Group referred to it by the Board, for the Board’s consideration.
The summary of activities of the ARC are set out in the Report of the Audit & Risk Management Committee of this Annual Report.
(ii) Nomination & Remuneration Committee (“NRC”)
The NRC is tasked to assist the Board in:
•
Board performance
- to assess and recommend to the Board the candidature of directors and boardroom diversity, appointment of
directors to board committees, review of the Board’s succession plans and training programmes, and to carry out periodic review on the
composition and size of the Board, including the performance of individual Directors, and the independence of Independent Directors so
to assess the appropriateness and effectiveness of the Board as a whole, and
•
Board remuneration
- to carry out periodic review on the remuneration policies and procedures to attract, retain and motivate Directors.
The remuneration package should be aligned with the business strategy and long-term objectives of the Company and Group as well as to
reflect the Board’s responsibilities, expertise and complexity of the Company’s activities.
STATEMENT ON CORPORATE GOVERNANCE
