EXCEL FORCE MSC BERHAD Annual Report 2020

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2020 29 PRINCIPLE A- BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) III. REMUNERATION (CONT’D) 6.0 The level and composition of remuneration of directors and senior management take into account the Company's desire to attract and retain the right talent in the Board and senior management to drive the Company's long-term objectives. The remuneration policies and decisions are made through a transparent and independent process. (Cont’d) 6.2 The RC aims to directly align the interests of Directors, senior management and key executives with the interests of shareholders, to improve performance and achieve sustainable growth for the Company in the changing business environment, and to foster a greater ownership culture amongst its senior management and key executives. 7.0 Stakeholders are able to assess whether the remuneration of directors and senior management commensurate with their individual performance, taking into consideration the Company's performance. The details of the Directors' remuneration comprising remuneration received/receivable from the Company and subsidiary respectively in financial year ended 31 December 2020 are as follows:- 7.1 Aggregate remuneration of Directors categorised into appropriate components are as follows: Fees Salaries & Bonus Total Company RM RM RM Executive Directors 300,000 990,781 1,290,781 Non-Executive Directors 191,000 - 191,000 Total 491,000 990,781 1,481,781 Fees Salaries & Bonus Total Group RM RM RM Executive Directors 300,000 990,781 1,290,781 Non-Executive Directors 191,000 - 191,000 Total 491,000 990,781 1,481,781 7.2 Directors' remuneration are broadly categorised into the following bands:- Company Group Number of Directors Number of Directors Range of remuneration RM Executive Non-Executive Executive Non-Executive 50,000 and below - 2 - 2 50,001 to 150,000 1 2 1 2 150,001 to 450,000 2 - 2 - above 450,000 1 - 1 - CORPORATE GOVERNANCE OVERVIEW STATEMENT (CONT’D)