4. DIRECTORS’ REMUNERATION The Board of the Company is mindful that fair remuneration is critical to attract, retain and motivate the right talent in the Board and senior management of the Company. To this end, the Group has in place the Remuneration Policy which set out to provide guidelines with regards to remuneration package for the Board and senior management of the Group in line with the best practice of the MCCG issued by the Securities Commission Malaysia. The Remuneration Policy has been designed with the aim to support the Group’s key strategies and create a strong performance-oriented environment and be able to attract, motivate and retain talent as well as promoting business stability and growth of the Group. The Remuneration Policy is available on the Company’s website at www.dnex.com.my. The remuneration for the Executive Directors link rewards to corporate and individual performances. Non-Executive Directors are remunerated in the form of directors’ fees which are approved annually by the shareholders at the AGM and an attendance allowance for each Board meeting and Board Committee meeting that they attend. The Company had, during its 51st AGM held on 2 December 2021, obtained shareholders’ approval for the payment of Directors’ fees and benefits to the Non-Executive Directors of the Company and its subsidiaries up to an aggregate amount of RM3,000,000 for the period from 3 December 2021 until the forthcoming 52nd AGM of the Company. For the financial year ended 30 June 2022, a total of RM1,697,000.00 was paid to the Non-Executive Directors of the Company and its subsidiaries. The mandate gave authority to the Company and its subsidiaries to pay Directors' fees and benefits to their NonExecutive Directors, on a monthly basis and after each month of completed service of the Non-Executive Directors. The benefits payable to the Non-Executive Directors comprise allowances and other emolument payable to the Chairman and members of the Board, Board of subsidiaries, Board Committees and such other committees as may be established by the Board. The payment of Directors’ fees and benefits to each Non-Executive Director of the Company and its subsidiaries are based on among others, the following rates: The Company Description Chairman Non-Executive Director Monthly Directors’ Fee (a) Board (b) AC (c) Other Committees RM18,000.00 RM6,000.00 RM1,000.00 RM12,000.00 RM3,000.00 RM800.00 Meeting Allowances (a) Board (b) Board Committees RM2,250.00 RM1,500.00 RM2,250.00 RM1,500.00 Benefits Medical and hospitalisation 131 DNeX INTEGRATED REPORT 2022
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