25
ANNUAL REPORT 2015
During the financial year ended 30 June 2015, the remuneration of the Executive Directors and Non-Executive
Directors are as follows:-
Other
Emolu-
Benefit
Salary
Fees Bonus ments
EPF in kind
Total
RM RM RM RM RM RM RM
Executive Directors
Dato’ Sri Tiong Chiong Hoo
396,000 60,000 132,000
9,000 68,640 13,325 678,965
Dato’ Wong Sie Young
360,000 60,000 300,000
9,000 62,400
9,900 801,300
Non-Executive Directors
Gen (Rtd) Tan Sri Abdul Rahman
Bin Abdul Hamid
71,500
57,000
13,325 141,825
Dato’ Sri Dr Tiong Ik King
64,000
9,000
73,000
Tiong Choon
60,000
9,000
69,000
Tiong Chiong Hee
60,000
9,000
69,000
John Leong Chung Loong
70,500
9,000
79,500
Dato’ Wong Lee Yun
63,500
129,000
192,500
Datuk Talib Bin Haji Jamal
70,500
9,000
79,500
Total
756,000 580,000 432,000 249,000 131,040 36,550 2,184,590
Directors’ remuneration
Executive Directors Non-Executive Directors
RM50,001 to RM100,000
–
5
RM100,001 to RM150,000
–
1
RM150,001 to RM200,000
–
1
RM650,000 to RM700,000
1
–
RM800,000 to RM850,000
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 (“Bursa Securities”).
In line with the Code, the Company’s Board Charter restricted the tenure of an Independent director to a
cumulative term of nine (9) years. However, upon completion of 9 years service, an Independent Director
may continue to serve on the Board subject to the Director’s re-designation as a Non-Independent Director.
Otherwise, the Board must justify and seek shareholders’ approval at the Annual General Meeting in the event
it retains the Director as an Independent Director. In justifying the decision, the Nominating Committee is
entrusted to assess the candidate’s suitability to continue as an Independent Non-Executive Director based
on the criteria on independence.
statemeNt on corporate governance (cont’d)
