PRINCIPLE A: BOARD LEADERSHIP AND EFFECTIVENESS (continued) III. Remuneration (continued) During the FY2021, the Remuneration Committee undertaken the following activities: (a) Reviewed and commented on the proposed key results areas and key performance indicators for the Executive Directors of the Company commensurate with the positions, roles and responsibilities assumed by each Executive Director in consideration of the diversify business activities and focus of the Group. (b) Reviewed the Service Contracts for the Executive Directors of the Company. (c) Reviewed and deliberated the remuneration packages of the Executive Directors of the Company, taking into consideration the Group’s performance. (d) Reviewed the Directors’ fees for the Non-Executive Directors of the Company. (e) Reviewed the activities carried out by the Remuneration Committee for inclusion in the Annual Report 2021. (f) Reviewed and updated the Terms of Reference of the Committee to ensure its adequacy for current circumstances, the Company’s policies and/or compliance with applicable rules and regulations. (g) Reviewed the policy on Directors’ Remuneration to ensure a transparent, fair and reasonable process in place for determining appropriate remuneration for Directors. P R G H O L D I N G S B E R H A D A N N U A L R E P O R T 2 0 2 1 46 CORPORATE GOVERNANCE OVERVIEW STATEMENT (cont’d)
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