MSM Malaysia Holdings Berhad Annual Report 2020

NOMINATION AND REMUNERATION COMMITTEE REPORT STATEMENT OF SUMMARY OF NRC’S ACTIVITIES DURING 2020 During the FYE 2020, NRC considered and recommended the following to the Board for approval: Nomination and Election Process a. Re-election of retiring Directors at the 2020 Annual General Meeting b. Assessment of the Audit Committee pursuant to Paragraph 15.20 of Bursa Malaysia Securities Berhad Main Market Listing Requirements c. Board Annual Assessment on Independent Directors d. List of candidates for positions as Independent Non-Executive Directors of MSM Malaysia Holdings Berhad e. Appointment of Nominee Director of KPF to the Board of MSM f. Selection and appointment of Search Firm for the Purpose of Talent Sourcing for the Post of Group Chief Executive Officer and Group Chief Operating Officer g. Appointment and resignation of the Board of Directors of MSM Malaysia Holdings Berhad’s Subsidiaries Remuneration Matters a. 2020 Increment for MSM Group of Companies b. Directors’ Remuneration for the Financial Year Ended 31 December 2019 c. Revised Board Remuneration Policy for MSM d. One-time Ex-Gratia payment to the eligible staff of MSM Group e. Financial assistance during Pandemic period to the eligible staff of MSM Group of Companies Other Matters a. Contract worker requirement for MSM Prai and MSM Johor b. Update on the Perlis Rationalisation Status c. Report on Nomination and Remuneration Committee for inclusion in 2019 Annual Report d. MSM GCEO Scorecard/KPI e. Review of Non-Executive Directors of MSM by Messrs. KPMG Management & Risk Consulting Sdn Bhd f. Changes on the Organisational Structure for MSM g. Directors and Officers Liability Policies h. Schedule of Nomination and Remuneration Committee Meetings for Year 2021 THE COMMITTEE’S PERFORMANCE On an annual basis, the Board shall evaluate the Committee’s performance and the extent to which the Committee has met the requirements of its TOR, including the term of office and performance of the Committee and each of its members. This performance assessment may constitute a part of the annual Board Effectiveness Assessment, pertaining to the assessment of Board Committees. STATEMENT BYTHE BOARD This Report on Nomination and Remuneration Committee is made in accordance with a resolution of the Board of Directors duly passed on 25 March 2021. MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 106 CHAIRMAN’S STATEMENT DELIVERING VALUE MSM OVERVIEW MANAGEMENT DISCUSSION & ANALYSIS GROUP FINANCIAL REPORT