ENRA Group Berhad Annual Report 2018

27 A N N U A L R E P O R T 2 0 1 8 CORPORATE GOVERNANCE OVERVIEW STATEMENT cont’d PRINCIPLE A: BOARD LEADERSHIP AND EFFECTIVENESS (Cont’d) III. Remuneration The BNRC is responsible for recommending to the Board the appropriate remuneration of the Directors to ensure that the Group attracts and retains Directors of the necessary calibre, experience, knowledge and quality needed to manage the Group successfully. The BNRC considers the principles recommended by the MCCG in determining the Executive Directors’ remuneration, whereby, the Executive Directors’ remuneration is designed to link rewards to the Group’s performance whilst the remuneration of the Non-Executive Directors is determined in accordance with their experience and the level of responsibilities assumed. The determination of the remuneration of the Non-Executive Directors is a matter for the Board to consider and individual Directors do not participate in decisions regarding their own remuneration package. The Company reimburses reasonable expenses incurred by the Directors in the course of their duties as Directors. During the financial year under review, the Board had considered and approved the revision to the remuneration policy for the Non-Executive Directors. The revision was made after taking into consideration the increasing responsibilities and activities of the BNRC as well as the contributions and time commitment of the members of the BNRC in the discharge of their duties. BNRC members did not receive any fee previously because the workload of the BNRC then was comparatively minimal. A summary of the activities carried out by the BNRC is provided in the CG Report. The revision is consistent with the principles that remuneration should be at a sufficient level to attract, compensate and retain high calibre Directors to successfully lead the Company. The revised remuneration policy for Non-Executive Directors of the Company is set out below: Description Before Revision After Revision Annual Fee Board Chairman RM80,000 RM80,000 Senior Independent Non-Executive Director RM70,000 RM70,000 Non-Executive Board Member RM60,000 RM60,000 Board Committee ARMC Chairman RM10,000 RM10,000 ARMC Member RM8,000 RM6,000 BNRC Chairman - RM6,000 BNRC Member - RM4,000 Meeting attendance allowance All Non-Executive Directors RM2,000 per day* RM2,000 per day* * regardless of the number of meetings attended per day Details of the remuneration of the Directors of the Company for the financial year ended 31 March 2018 are provided in the CG Report.