FGV Annual Report 2018

REINFORCED OUR STANDARDS OF GOVERNANCE 01 02 05 03 07 06 04 08 09 89 ANNUAL INTEGRATED REPORT 2018 • Company car allowance, driver, club membership and telecommunication device for Non-Executive Chairman • Medical coverage, insurance coverage, travel expenses, benefits-in-kind and other claimable benefits Details of the Non-Executive Directors’ benefits in accordance with the remuneration structure (excluding Directors’ annual fees) are set out below: In addition to the remuneration received from FGV, Non-Executive Directors received annual fees, benefits-in-kind, meeting allowances and other benefits from FGV. As at 31 December 2018, none of the Non-Executive Directors of FGV sit as directors in FGV subsidiary companies except for Datuk Wira Azhar Abdul Hamid, who is also the Chairman of MSM Malaysia Holdings Berhad. • Local: RM2,000.00 • Overseas (Flight time <= 8 hours): RM2,000.00 • Overseas (Flight time > 8 hours): RM5,000.00 • Teleconferencing: RM1,000.00 MEETING ALLOWANCE OTHER BENEFITS DIRECTORS’ REMUNERATION The level of Directors’ remuneration is generally set to be competitive to attract and retain Directors of such calibre to provide the necessary skills and experience as required and commensurate with the responsibilities and duties of the Board and Board Committees. FGV has in place a Board Remunerations Policy which was revised on 22 November 2018. SUMMARY OF NON-EXECUTIVE DIRECTORS’ REMUNERATION POLICY The Non-Executive Directors’ remuneration package reflects the experience, expertise and level of responsibilities undertaken by the Non-Executive Directors. The Non-Executive Directors’ remuneration include fees, benefits-in-kind and other benefits including meeting allowances. Details of the Non-Executive Directors’ annual fees for the Board and the Board Committees are listed below: GOVERNANCE AT FGV: REMUNERATION Board/Board Committees Annual Fees Board - RM600,000.00 (Chairman) - RM120,000.00 (Non-Executive Directors) Audit Committee - RM64,000.00 (Chairman) - RM32,000.00 (Non-Executive Directors) Nomination and Remuneration Committee - RM35,000.00 (Chairman) - RM20,000.00 (Non-Executive Directors) Special Board Committee - RM36,000.00 (Chairman) - RM24,000.00 (Non-Executive Directors) Other Board Committees - RM32,000.00 (Chairman) - RM16,000.00 (Non-Executive Directors)