Details of Directors’ remuneration for the financial year ended 31 December 2016 in aggregate are as follows: Salary & Other Remuneration (RM) Directors’ Fees Benefitsin-kind (RM) Total (RM) Range of Remuneration in RM50,000 band (RM) By MISC (RM) By Subsidiaries (RM) Executive Director Yee Yang Chien President/Group CEO 2,523,122 – 227,100.5 120,466 2,870,688.5 2,850,000 to 2,900,000 Non-Executive Director Dato’ Ab. Halim Mohyiddin N/A 144,000 – – 144,000 100,000 to 150,000 Datuk Manharlal Ratilal N/A N/A N/A N/A N/A N/A Datuk Nasarudin Md Idris N/A 99,000 462,089 – 561,089 550,000 to 600,000 Dato’ Halipah Esa N/A 133,000 162,000 – 295,000 250,000 to 300,000 Dato’ Kalsom Abd. Rahman N/A 125,000 – – 125,000 100,000 to 150,000 Dato’ Sekhar Krishnan N/A 114,000 – – 114,000 100,000 to 150,000 Lim Beng Choon N/A 104,000 – – 104,000 100,000 to 150,000 Mohamed Firouz Asnan N/A N/A N/A N/A N/A N/A Total 2,523,122 719,000 851,189.5 120,466 4,213,777.5 – 1,570,189.5 H. Criteria for Board Assessment The performance of the Board and the Board Committees is tracked annually against the Board KPIs, using a set of questionnaires in a Performance Evaluation Sheet (“PES”) as a tool. The Board KPIs focus on achievements of measurable ‘hard targets’ based on 3 criteria, i.e., Board Structure (covering for example, Board composition and Directors’ Succession Planning), Board Operations (covering for example Timeliness, Adequacy of Information and Access to Management) and Board Roles and Responsibilities (covering for example Strategic Vision and Risk Management oversight). Under each criteria the detailed KPI components are stated consistent with best practice requirements. Each Director is required to give a Rating of ‘1’ for ‘Best Practice’, a Rating of ‘2’ for ‘Meets Requirement’ and a Rating of ‘3’ for ‘Areas of Improvement’. The final ratings are then reviewed by the Management, the NRC and the Board, and consequently Action Plans are implemented by Management for the areas that require improvement or action. MISC BERHAD • Annual Report 2016 130 STATEMENT ON CORPORATE GOVERNANCE
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