Annual Report 2022 61 ABOUT US LEADERSHIP PERSPECTIVE SUSTAINABILITY GOVERNANCE FINANCIAL STATEMENTS Other Information Corporate Governance Overview Statement PRINCIPLE A - BOARD LEADERSHIP AND EFFECTIVENESS III. REMUNERATION Remuneration of Directors and Key Senior Management The Remuneration Framework adopted by the Board is designed to increase the motivation level and productivity of the Group’s employees and ensure that the salary levels commensurate to the individual staff’s performance. As a general principle, the remuneration of Directors and Key Senior Management (i.e. Directors of the subsidiary companies, Chief Operating Officer and Heads of Departments) is link to their level of responsibilities and how well these responsibilities have been discharged. The Remuneration Framework and the Terms of Reference of the NRC are disclosed on the Company’s website at www.datasonic.com.my. In May 2022, the NRC reviewed and recommended to the Board for approval the following:- a) Revision of remuneration package for the Executive Directors, namely Encik Wan Zalizan bin Wan Jusoh, Mr Chia Kok Khuang and Encik Safian bin Mohd Yunus, to commensurate with their roles, responsibilities and commitments as well as to be comparable within the industry; and b) One-off token of appreciation for the retiring Independent Non-Executive Directors. In the process of reviewing and recommending the remuneration package for the Executive Directors, the NRC took into consideration the salary survey report prepared by the Independent Human Resources Consultant. In May 2022, the Board approved the NRC’s recommendation for the Company to seek the shareholders’ approval at the Fourteenth AGM for the Directors’ fees payable to the Non-Executive Directors of the Company up to an amount of RM1,100,000 from the day after the Fourteenth AGM until the next AGM of the Company, to be paid monthly in arrears; and the Directors’ benefits payable to the Non-Executive Directors of the Company up to an amount of RM200,000 from the day after the Fourteenth AGM until the next AGM of the Company. The details of the Directors’ Remuneration for the financial year ended 31 March 2022 are set out below:- Directors Company Subsidiary Companies Group Director’s Fee Other Benefits (Salary, bonus, allowance and EPF) Estimated money value of benefitsin-kind Total Director’s Fee Other Benefits (Salary, bonus, allowance and EPF) Estimated money value of benefitsin-kind Total Total RM RM RM RM RM RM RM RM RM Non-Executive Directors General Tan Sri (Dr) Mohamed Hashim bin Mohd Ali (Rtd) 216,000.00 6,000.00 - 222,000.00 - - - - 222,000.00 Dato’ Wan Mohd Safiain bin Wan Hasan 102,000.00 13,000.00 - 115,000.00 - - - - 115,000.00 Dato’ Wan Ibrahim bin Wan Ahmad 84,000.00 10,000.00 - 94,000.00 - - - - 94,000.00 Dato’ Sri Sharifuddin bin Ab Ghani 102,000.00 12,000.00 - 114,000.00 - - - - 114,000.00 Dato’ Ibrahim bin Abdullah 84,000.00 9,000.00 - 93,000.00 - - - - 93,000.00 Yee Kim Shing @ Yew Kim Sing 120,000.00 10,000.00 - 130,000.00 - - - - 130,000.00 Noor Suhaila binti Saad 96,000.00 12,000.00 - 108,000.00 - - - - 108,000.00 Azrul bin Yahaya (Appointed on 31.05.2021) 64,193.55 5,000.00 - 69,193.55 - - - - 69,193.55
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