COMPANY SUBSIDIARIES GROUP Fees (RM) Benefitsin-kind (RM) Others (RM) Total (RM) Fees (RM) Salaries & Bonus (RM) Benefitsin-kind (RM) Others RM Total (RM) Total (RM) Executive Directors Dato’ Seri Lee Tian Hock - - - - - 9,320,000 95,896 1,715,870 11,131,766 11,131,766 Ho Kong Soon - - - - - 11,710,000 36,896 2,078,806 13,825,702 13,825,702 TOTAL - - - - - 21,030,000 132,792 3,794,676 24,957,468 24,957,468 Non-Executive Directors Dato’ Haji Mohamad Haslah Bin Mohamad Amin - - - - 1,495,400 - 36,896 - 1,532,296 1,532,296 Mazhairul Bin Jamaludin 110,000 1,696 18,000 129,696 - - - - - 129,696 Dato’ Logendran A/L K Narayanasamy - - - - 400,000 - - 19,815 419,815 419,815 Dato’ Hon Choon Kim 66,000 848 15,000 81,848 - - - - - 81,848 Dato’ Hajah Kalsom Binti Khalid 66,000 1,696 17,000 84,696 - - -- - - 84,696 Chua See Hua 66,000 848 14,000 80,848 - - - - - 80,848 Loo See Mun 66,000 848 14,000 80,848 - - - - - 80,848 TOTAL 374,000 5,936 78,000 457,936 1,895,400 - 36,896 19,815 1,952,111 2,410,047 The individual Director is assessed based on his/her competency, capability, commitment, objectivity, participation in Board’s deliberations and their contributions to the objectives of the Board and the Board Committees on which they served. The assessment of the GEDC and GMD is co-related to the execution of the Group’s strategic business plans by management and the achievement of performance targets set by the Board. The criteria that are used in the assessment of the Board include the adequacy of the Board structure, gender diversity, the efficiency and integrity of the Board’s operations and the effectiveness of the Board in the discharge of its duties and responsibilities. A full set of the results plus the summarised version which are reviewed by the NC, are also provided to the Board for their information. The Board is satisfied with the outcome of the BEE for FY2023. The performance of the respective Board Committees and individual Directors have been satisfactory with areas of improvement noted. Directors will be sent for training where there may be potential gaps or a future requirement to acquire and apply any particular competency or skill. The fit and proper assessment was also conducted for the Retiring Directors and the Board concurred that the Retiring Directors are fit for re-election at the forthcoming 26th AGM. DIRECTORS’ REMUNERATION The remuneration package for executive directors are reviewed by the RC and recommended to the Board for approval. The Board then deliberates and decides on the said remuneration package without the presence of the beneficiary directors. Bonuses payable to executive directors are performance based and relate to the individual and the Company’s as well as Group’s achievement of specific goals. Non-executive directors do not receive any performance related remuneration. In accordance with the Companies Act 2016 (“the Act”), payment of directors’ fees and benefits shall be approved at a general meeting. The Board shall seek shareholders’ approval at the upcoming AGM for the payment of directors’ fees and benefits for the directors of the Group for FY2023. CORPORATE GOVERNANCE OVERVIEW STATEMENT INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 112 OUR GOVERNANCE
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