Pursuant to the remuneration policy, the remuneration package for Executive Directors comprises of a number of separate elements such as basic salary, allowances (where applicable), performance-based bonuses and benefitin-kind. The level of remuneration of the Executive Directors takes into consideration the Directors’ experience, responsibilities, qualifications, level of skills, contribution and commitment to the Group and the performance of the Group. The remuneration package is also compared to the compensation levels for comparable positions among other similar Malaysian public listed companies that are in the construction industry and prevailing economic and market conditions. Executive Directors who are full time employees of the Group receive no additional compensation for services as a Director. In the case of Non-Executive Directors, the level of remuneration should reflect the experience and level of responsibilities undertaken by the particular Non-Executive Director concerned. Non-Executive Directors will be paid a fixed basic fee as ordinary remuneration, a sum based on their responsibilities in Board committees and allowances for their attendances at the meetings. The quantum of Non-Executive Directors’ remuneration shall not be based on commission, percentage of profits and/or turnover of the Group. The fee and allowance to the NonExecutive Directors are subject to the approval of the shareholders. No Board member, whether executive or non-executive, will be involved in deciding his own remuneration. The breakdown of remuneration received or receivable by the Directors for FY2023 are as follows:- Salaries and Meeting other Benefits- Fee allowance allowances Bonus EPF in-kind Total Name of Directors (RM) (RM) (RM) (RM) (RM) (RM) (RM) Independent Director Datuk Woon See Chin 80,400 5,100 85,500 Dato’ Ir. Fong Tian Yong 74,400 5,100 79,500 Anita Chew Cheng Im 80,400 5,100 85,500 Johar Salim Bin Yahaya 80,400 5,100 85,500 Bhupendar Singh A/L Sewa Singh 74,400 5,100 79,500 Total 390,000 25,500 415,500 Executive Director Pang Tin @ Pang Yon Tin 741,354 103,341 64,314 15,500 924,509 Sim Tian Liang 677,640 83,205 144,569 14,285 919,699 Chin Lian Hing 677,640 83,205 144,569 14,285 919,699 Yam Tai Fong 677,640 83,205 144,569 9,900 915,314 Pang Khang Hau 902,147 88,500 97,020 23,950 1,111,617 Total 3,676,421 441,456 595,041 77,920 4,790,838 ^ : received and receivable on group basis. None of the amount was received from the Company. ∞ : received and receivable from the Company. CORPORATE GOVERNANCE OVERVIEW STATEMENT ∞ ∞ ^ ^ ^ ^ 051 Annual Report 2023
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