MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K) 124 CORPORATE GOVERNANCE STATEMENT (CONT’D) A. BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) III. Remuneration The objectives of the Directors and Senior Management’s Remuneration Policy and Terms of Reference of the RC are to provide fair and competitive remuneration to its Directors and Senior Management in order for the Group to attract and retain Directors and Senior Management of calibre to run the Group successfully. The responsibilities for developing the Directors and Senior Management’s Remuneration Policy, determining the remuneration packages of Directors, Group Managing Director and Senior Management, lies with the RC. Nevertheless, it is ultimately the responsibility of the Board to determine the remuneration of Directors and Senior Management. 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 NC, RC, RMC or AC 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 year 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 FY2021 are set out below:- 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 # 41 - - - - 41 Mohaini Binti Mohd Yusof # 41 - - - - 41 Tan Sri Dato’ Dr Muhammad Rais Bin Abdul Karim^ 43 - - - - 43 TOTAL 717 - - - - 717 Notes: * The Directors of the Company only received remuneration from the Group. # Appointed on 9 July 2021. ^ Resigned on 29 June 2021.
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