Fraser & Neave Holdings Bhd Annual Report 2021

2. DIRECTORS’ REMUNERATION The aggregate Directors’ remuneration paid to the Directors of the Company for the Financial Year 2021 is disclosed in the financial statements. Details of remuneration paid to Directors of the Company for the Financial Year 2021 are as follows: Remuneration paid by the Company Directors Fees RM Meeting Allowances RM Benefits (Note) RM Total RM 1. Y.A.M Tengku Syed Badarudin Jamalullail 162,000 29,000 24,693 215,693 2. Mr. Lee Meng Tat 99,000 24,500 600 124,100 3. Mr. David Siew Kah Toong 104,000 24,500 600 129,100 4. Y.Bhg. Dato’ Sri Johan Tazrin bin Hamid Ngo 97,000 24,500 600 122,100 5. Mdm. Tan Fong Sang 97,500 22,500 600 120,600 6. Y.Bhg. Dato’ Jorgen Bornhoft 90,000 17,500 600 108,100 7. Mr. Hui Choon Kit 100,000 22,500 600 123,100 8. Puan Aida binti Md Daud 82,500 14,500 600 97,600 9. Puan Faridah binti Abdul Kadir 84,000 16,500 600 101,100 10. Y.Bhg. Datuk Mohd Anwar bin Yahya 85,000 14,500 600 100,100 11. Y.Bhg Datuk Kamaruddin bin Taib 82,500 13,000 600 96,100 12. Y.Bhg. Dato’ Ng Wan Peng (appointed as an Alternate Director to Y.Bhg. Dato’ Sri Johan Tazrin bin Hamid Ngo on 30 July 2021) 0 0 0 0 Total 1,083,500 223,500 30,693 1,337,693 Note: Benefits include personal accident insurance premium for Directors. respect of salary packages for Executive Directors, CEO and senior executives. The current salary packages comprise a combination of basic salary and a variable performance incentive to attract and retain talent in a competitive environment. There was no change in the remuneration policies and practices during the Financial Year 2021. The remuneration for Non-Executive Directors is based on a standard fixed fee, with the Chairman receiving a double amount in recognition of his additional responsibilities. An additional fee is also paid to Non-Executive Directors sitting on Board Committees. A meeting allowance is paid for attendance at meetings of the Board and Board Committees as well as general meetings. The Company has in force Directors and O&cers insurance policy essentially covering the acts of Directors and O&cers and personal accident insurance policy for Directors. Fees and benefits payable to the Company’s Directors are subject to yearly approval by shareholders at the Company’s AGM. Based on the Directors’ Remuneration Policy, Directors’ fees and meeting allowances are reviewed every two years. The Directors’ Remuneration Policy and Senior Management’s Remuneration Policy are available on the Company’s website. 6. NOMINATING COMMITTEE The Board has established the NomCom to assist the Board in ensuring the existence of the right mix of skills, knowledge, experience, qualities, gender, nationality, age and other attributes that are relevant and contribute to the e!ective functioning of the Board. A summary of the activities of the NomCom is set out in the NomCom Report. 7. RECRUITMENT AND ANNUAL ASSESSMENT OF DIRECTORS The NomCom is responsible for assessing and recommending appointments to the Board and Board Committees and reviewing the annual assessment of Directors. The recruitment and assessment processes are set out in the NomCom Report. III. REMUNERATION 1. FORMAL AND TRANSPARENT REMUNERATION POLICIES AND PROCEDURES FOR DIRECTORS The Board has established the RemCom comprising five Non- Executive Directors, three of whom are Independent Directors, to assist the Board mainly in establishing formal and transparent remuneration policies and procedures to attract and retain Directors. The RemCom is also entrusted with the role of determining and recommending suitable policies in Governance 131 Fraser & Neave Holdings Bhd ! Annual Report 2021