CORPORATE GOVERNANCE OVERVIEW STATEMENT The BEE is a continuous, annual exercise. Areas requiring improvements were identified and action plans were recommended to the Board for approval for implementation. The evaluation process also involved evaluating the performance of Senior and Key Management including the GEDC and GMD based on individual KPIs set for senior management and the Company’s performance as a whole. The assessment undertaken by the Board are based on the criteria set for each assessment which are related to the performance of the Board, Committees and individual directors. To carry out the assessment, the Directors are provided with a questionnaire to complete and the results are then tabulated by the Secretary and presented to the NC for review and recommendation to the Board. The individual Directors each undertook self-assessment of their individual performance as well as overall assessment of the Board during the financial year based on the criteria as prescribed under the MMLR. New appointments during the financial year undergone Fit & Proper Assessment and evaluated by the NC prior to their appointments. An annual BEE is undertaken to assess the performance of each individual director. Directors are assessed based on their attendance at meetings, contribution to discussions, degree of independence expressed (for independent directors), realisation of set KPIs (for the GEDC and GMD) and other criteria as set out by the NC. The Board is satisfied with the outcome of the BEE for FY2024. This includes the performance of the respective Board Committees and individual directors. 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. For further information on the BEE, please refer to the CG report available at: www.mchb.com.my. 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 director. 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 FY2024. COMPANY SUBSIDIARIES FEES (RM) BENEFITS- IN-KIND (RM) OTHERS (RM) TOTAL (RM) FEES (RM) SALARIES & BONUS (RM) BENEFITS- IN-KIND (RM) OTHER (RM) TOTAL (RM) TOTAL (RM) Executive Directors Dato’ Seri Lee Tian Hock – – – – – 9,890,000 81,896 1,773,300 11,745,196 11,745,196 Ho Kong Soon – – – – – 17,590,000 36,896 3,182,689 20,809,585 20,809,585 TOTAL – – – – – 27,480,000 118,792 4,955,989 32,554,781 32,554,781 Non-Executive Directors Dato’ Haji Mohamad Haslah Bin Mohamad Amin – – – – 819,630 – 73,896 6,000 899,526 899,526 Mazhairul Bin Jamaludin 156,000 1,696 16,000 173,696 – – – – – 173,696 Dato’ Logendran A/L K Narayanasamy – – – – 125,000 – – – 125,000 125,000 Dato’ Hon Choon Kim 100,000 848 16,000 116,848 – – – – – 116,848 Dato’ Hajah Kalsom Binti Khalid 100,000 18,625 17,000 135,625 – – – – – 135,625 Chua See Hua 100,000 848 14,000 114,848 – – – – – 114,848 Loo See Mun 100,000 848 15,000 115,848 – – – – – 115,848 Kelvin Lee Chin Chuan 75,000 – 4,000 79,000 – – – – – 79,000 TOTAL 631,000 22,865 82,000 735,865 944,630 – 73,896 6,000 1,024,526 1,760,391 GROUP OUR GOVERNANCE MATRIX CONCEPTS HOLDINGS BERHAD 116
RkJQdWJsaXNoZXIy NDgzMzc=