My EG Services Berhad Annual Report 2019

MY E.G. SERVICES BERHAD [Registration No. 200001003034 (505639-K)] 78 A. BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) III. Remuneration (cont’d) Based on the Directors and Senior Management’s Remuneration Policy, the remuneration packages for the Executive Directors comprises a fixed component (i.e. salary, allowance and etc.) and a variable component (i.e. bonus, benefit-in kind-and etc.) which is determined by the Group’s overall financial performance in each financial year and is designed to support the Group’s strategy and provides a balance between motivating and challenging the Board to deliver the business priorities and strong performance while also driving the long-term sustainable success of the Group. The level of remuneration of Non-Executive Directors reflects their experience and level of responsibility undertaken by them. Non-Executive Directors will receive a fixed fee, with additional fees if they are members of board committees, with the Chairman of the ARMC, RC or NC receiving a higher fee in respect of his/her service as Chairman of the respective committees. The fees for Non-Executive Directors are determined by the Board with the approval from shareholders at the AGM and no Director is involved in deciding his/her own remuneration. During the financial period under review, the RC had reviewed the remuneration for the Directors, and Senior Management which reflects their level of responsibilities as well as the performance of the Group, and considered their remuneration packages to be comparable within the industry norm. The details of the remuneration of the Board (on named basis) of the Company comprising remuneration received/receivable from the Company and the Group for the FP2019 are set out below:- Executive Directors Group/ Company Fees Salaries Bonuses Benefit in Kind Others Total RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Dato’ Dr Norraesah Binti Haji Mohamad 193 - - - - 193 Mr Wong Thean Soon 257 - - - - 257 Dato’ Raja Haji Munir Shah Bin Raja Mustapha (resigned on 29 January 2019) 90 - - - - 90 Non-Executive Director Tan Sri Dato’ Dr Muhammad Rais Bin Abdul Karim 107 - - - - 107 %BUVL .PIE +JNNZ 8POH Bin Abdullah 107 - - - - 107 Mr Wong Kok Chau 90 - - - - 90 Note: The Directors of the Company only received fees from the Group A copy of the Directors and Senior Management’s Remuneration Policy can be found on the Group’s website at https://www.myeg.com.my/investor_relations (under the “Corporate Governance” tab). CORPORATE GOVERNANCE STATEMENT (CONT’D)