30 EXCEL FORCE MSC BERHAD PRINCIPLE A - BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) Ill Remuneration 7.0 The level and composition of remuneration of directors and senior management take into account the Company's desire to attract and retain the right talent in the Board and senior management to drive the company's long term objectives. The remuneration policies and decisions are made through a transparent and independent process. 7.1 The Remuneration Committee ("RC") of the Company consists of three (3) Independent Non-Executive Directors and its current composition is as follows: Name of Directors Position Dato’ Sri Ismail bin Ahmad Chairman Datuk Mat Noor bin Nawi Member Elisa Tan Mun-E Member The RC held one (1) meeting during the financial year to carry out its function as stated within the terms of reference. The details of terms of reference of RC are available for reference at the Company's website at www.excelforce.com.my. 7.2 The RC's primary responsibility is to review and recommend the remuneration of Directors to the Board. The Board, as a whole, determines the remuneration of the Directors and the individual Director is required to abstain from discussing his own remuneration. In the case of Executive Directors, the remuneration scheme is structured based on corporate and individual performance. On the other hand, Non-Executive Directors are remunerated based on their experiences and the level of responsibilities undertaken by the respective Non-Executive Directors concerned. The RC will make its recommendations to the Board regarding the Company's policy on the staff remuneration by taking into consideration the salary and employment conditions within the industry and benchmarks from comparable companies. The RC strives to be competitive, linking staff rewards with their performance and responsibilities. The RC aims to directly align the interests of Directors, senior management and key executives with the interests of shareholders, to improve performance and achieve sustainable growth for the Company in the changing business environment, and to foster a greater ownership culture amongst its senior management and key executives. 8.0 Stakeholders are able to assess whether the remuneration of directors and senior management commensurate with their individual performance, taking into consideration the Company's performance. The details of the Directors' remuneration comprising remuneration received/receivable from the Company and subsidiary companies respectively in financial period ended 30 June 2023 are as follows:- 8.1 Aggregate remuneration of Directors categorised into appropriate components are as follows: Fees Salaries & Bonus Total Company (RM) (RM) (RM) Executive Directors 265,000 1,709,691 1,974,691 Non-Executive Directors 363,000 - 363,000 Total 628,000 1,709,691 2,337,691 Fees Salaries & Bonus Total Group (RM) (RM) (RM) Executive Directors 265,000 2,007,627 2,272,627 Non-Executive Directors 363,000 - 363,000 Total 628,000 2,007,627 2,635,627 Corporate Governance Overview Statement (Cont’d)
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