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ANNUAL REPORT 2014
25
Non-executive Board Members are paid a basic fee as ordinary remuneration and are also paid additional
remuneration based on their level of responsibilities in the Board and Board Committees as well as for their
attendances at meetings. The fee which is subject to the approval of the shareholders shall be fixed in sum
and not by a commission or on percentage of profits/turnover.
The Remuneration Committee meets as and when required. One meeting was held during the financial year
ended 30 June 2014 and recommended to the Board the remuneration packages for the Deputy Executive
Chairman and CEO in all its form. The meeting was attended by all the members.
During the financial year ended 30 June 2014, the remuneration of the Executive Directors and Non-Executive
Directors are as follows:-
Other
Benefit
Salary
Fees
Bonus
Emoluments
EPF in kind
Total
RM
RM
RM
RM
RM
RM
RM
Executive Directors
Dato’ Sri Tiong
Chiong Hoo
360,000
55,000
120,000
7,500
62,400
13,325 618,225
Dato’ Wong
Sie Young
330,000
55,000
110,000
7,500
59,755
9,075 571,330
Non-Executive Directors
Gen (Rtd) Tan Sri
Abdul Rahman
Bin Abdul Hamid
66,500
55,500
2,860
13,325 138,185
Dato’ Sri Dr Tiong
Ik King
59,000
7,500
66,500
Tiong Choon
55,000
6,000
61,000
Tiong Chiong Hee
55,000
6,000
61,000
John Leong Chung Loong
65,500
7,500
73,000
Dato’ Wong Lee Yun
58,500
127,500
186,000
Datuk Talib Bin Haji Jamal
65,500
6,000
71,500
Total
690,000 535,000
230,000
231,000 125,015
35,725 1,846,740
Directors’ remuneration
Executive
Non-Executive
Directors
Directors
RM50,001 to RM100,000
–
5
RM100,001 to RM150,000
–
1
RM150,001 to RM200,000
–
1
RM550,001 to RM600,000
1
–
RM600,001 to RM650,000
1
–
3. REINFORCE INDEPENDENCE
3.1 Independence of Directors
The Board recognises the importance of Independent Directors to facilitate the exercise of independent
evaluation and objectivity in the decision-making process, and thus provides check and balance in the Board.
During the financial year under review, the Board assessed the independence of its Independent Non-Executive
Directors based on the definition of independence as set out in the Listing Requirements of Bursa Malaysia
Securities Berhad.
statement on corporate governance (cont’d)