AL-SALAM REIT ANNUAL REPORT 2017

100 AL-SALĀM REIT ANNUAL REPORT 2017 Practice 4.5 of the MCCG 2017 also states that for Large Companies (companies on the FTSE Bursa Malaysia Top 100 Index or companies with market capitalisation of RM2 billion and above), the Board must have at least 30% female directors. Based on the current market capitalisation position of RM580 million, Al-Salām REIT is not deemed to fall under Large Companies. However, the Board is moving towards to be in line with the Practice 4.5 on gender diversity whereby on 5 October 2017 Dato’ Dr. Rahah Ismail was appointed as an Independent Non-Executive Director. With the appointment of Dato’ Dr. Rahah Ismail, female directors’ composition in the Board of Al-Salām REIT stands at 22%. During the year ended 31 December 2017, the Board members convened five meetings and all Directors (save for the newly appointed director, Dato’ Dr. Rahah Ismail) have complied with the minimum 50% attendance as required by Para 15.05 of the Listing Requirements. The members of the Board and their attendances at Board meetings in 2017 are set out below: CORPORATE GOVERNANCE STATEMENT - CONT’D No. of meetings Name of Committee Member attended Zainah binti Mustafa 4 out of 4 Chairman/Independent Non-Executive Director Lukman bin Hj. Abu Bakar 4 out of 4 Member/Non-Independent Non-Executive Director Dr. Mohd Hafetz bin Ahmad 4 out of 4 Member/Independent Non-Executive Director 6 th BOD Special BOD 7 th BOD 8 th BOD 9 th BOD 14.02.2017 25.04.2017 22.05.2017 24.08.2017 20.11.2017 Dato’ Kamaruzzaman bin Abu Kassim / / X / / Wan Azman bin Ismail (i) X / / / / Dato’ Mani a/l Usilappan (ii) / / / / X Zainah binti Mustafa / / / / / Dr. Mohd Hafetz bin Ahmad / / / / / Dato’ Dr. Rahah binti Ismail (iii) X X X X / Lukman bin Hj. Abu Bakar / / / / / Yusaini bin Hj. Sidek / / / / / Dato’ Amiruddin bin Abdul Satar / / / / / Mohd Yusof bin Ahmad / / / / / (i) Appointed w.e.f. 15 February 2017 (ii) Resigned w.e.f. 5 October 2017 (iii) Appointed w.e.f. 5 October 2017 Directors’ Training All Directors have attended and completed the Mandatory Accreditation Programme prescribed by Bursa Securities, and the Board will continue to evaluate and determine the training needs of its Directors on an ongoing basis. Throughout the financial year under review, the Directors attended various conferences, seminars and training programmes covering areas that included corporate governance, leadership, updates on REIT industry and global business developments. 1.3 Remuneration The remuneration of the Directors is paid by the Manager and not by the Fund. The remuneration of the Executive Director is structured based on linking rewards to corporate and individual performance. For Non-Executive Directors, they receive a basic fee, an additional fee for serving on any of the committees and an attendance fee for participation in meetings of the Board and any of the committee meetings.