A. BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) III. Remuneration (cont’d) During the financial year under review, the RC reviewed the remuneration for Directors, and Senior Management. The remuneration packages were considered to be comparable to industry norms, reflecting their level of responsibilities and the performance of the Group The remuneration policies and procedures governing the remuneration of Executive Directors, Non-Executive Directors and Senior Management are available in the Directors and Senior Management’s Remuneration Policy, published on the Company’s website. The details of the remuneration of the Board, on named basis, are set out below, comprising remuneration received/receivable from the Company and the Group for the FY2023: Group/Company Fees Salaries Bonuses Benefit in Kind Others Total* RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Executive Directors Dato’ Dr Norraesah binti Haji Mohamad 154 - - - - 154 Wong Thean Soon 206 - - - - 206 Non-Executive Director Datuk Mohd Jimmy Wong bin Abdullah 86 - - - - 86 Wong Kok Chau 60 - - - - 60 Dato’ Sri Mohd Mokhtar bin Mohd Shariff 86 - - - - 86 Dato’ Mohd Jeffrey bin Joakim 86 - - - - 86 Mohaini binti Mohd Yusof 86 - - - - 86 * The Directors of the Company only received remuneration from the Group. The details of the remuneration of the five (5) Senior Management, on named basis, for the FY2023 were disclosed in the Corporate Governance Report for FY2023. 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/governance. B. EFFECTIVE AUDIT AND RISK MANAGEMENT I. Audit Committee The current AC consists of two (2) Independent Non-Executive Directors and one (1) Non-Independent NonExecutive Director, and all of them are financially literate and have a sufficient understanding of the Group’s business. Additionally, all the members of the AC undertake continuous professional development to remain abreast of relevant developments in accounting and auditing standards, practices and rules. The composition of the AC is presented in the AC Report on page 150 of this IAR2023. The Chairman of the AC is not the Chairman of the Board, which ensures that the objectivity of the Board’s review of the AC’s findings and recommendation remains intact. The AC has adopted a Terms of Reference that sets out its goals, objectives, duties, responsibilities and criteria for the composition of the AC, which includes a former key audit partner of the Group observing a cooling-off period of at least three (3) years before being able to be appointed as a member of the AC. Presently, none of the current AC members is a former key audit partner involved in auditing of the Group. CORPORATE GOVERNANCE STATEMENT (cont’d) 146 MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K) BOARD LEADERSHIP AND EFFECTIVENESS
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