The breakdown of remuneration received or receivable by the Directors for FY2024 are as follows:- Salaries Travelling and other BenefitsName of Fee ∞ allowance ∞ allowances ^ Bonus ^ EPF ^ in-kind ^ Total Directors (RM) (RM) (RM) (RM) (RM) (RM) (RM) Independent Director Datuk Woon See Chin 84,600 5,100 89,700 Dato’ Ir. Fong Tian Yong 78,000 5,100 83,100 Anita Chew Cheng Im 96,000 5,100 101,100 Johar Salim Bin Yahaya 84,600 5,100 89,700 Bhupendar Singh A/L Sewa Singh 78,000 5,100 83,100 Total 421,200 25,500 446,700 Executive Director Pang Tin @ Pang Yon Tin 846,072 175,795 15,500 1,037,367 Sim Tian Liang 710,880 145,600 162,736 14,285 1,033,501 Chin Lian Hing 710,880 145,600 162,736 14,285 1,033,501 Yam Tai Fong 710,880 145,600 162,736 9,900 1,029,116 Pang Khang Hau 940,053 154,875 109,233 23,950 1,228,111 Total 3,918,765 767,470 597,441 77,920 5,361,596 ^: received and receivable on group basis. None of the amount was received from the Company. ∞: received and receivable from the Company. During FY2024, the RC had reviewed the remuneration of the Directors taken into consideration the respective Director’s experience, level of responsibility, contribution and commitment to the Company, the performance of the Group, the compensation levels for comparable positions among other similar Malaysian public listed companies and market condition. Based on the result of its review, the RC made recommendation to the Board on the remuneration package for the Directors for financial year ending 31 December 2025. The Board concurred with the recommendation of the RC, and that shareholders’ approval would be sought at the Sixteenth AGM on the payment of Directors’ fees and benefits up to an amount of RM530,000 to the Independent Directors for the period commencing from the date of the forthcoming Sixteenth AGM until the next AGM of the Company. The Group’s top five (5) senior management are the five (5) Executive Directors of the Company. Their respective remuneration is as disclosed above. Board Evaluation and Performance The NC evaluates the effectiveness and performance of the Board as a whole, the Board Committees and the individual Directors on an annual basis. The process is internally facilitated and conducted through the following questionnaires covering a variety of assessment criteria:- (a) ARMC Evaluation Form; (b) Independent Directors’ Self-Assessment Checklist; (c) Directors’ Self and Peer Evaluation Form; (d) Directors’ Declaration of Fit and Proper Assessment Form; and (e) Board and Board Committee Evaluation Form. CORPORATE GOVERNANCE OVERVIEW STATEMENT 057 ANNUAL REPORT 2024
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