Shaped By High Standards Of Governance ANNUAL INTEGRATED REPORT 2022 141 BOARD/BOARD COMMITTEES FEES PER ANNUM Board RM480,000.00 (Chairman) RM150,000.00 (Non-Executive Directors) AC RM80,000.00 (Chairman) RM40,000.00 (Non-Executive Directors) NRC RM45,000.00 (Chairman) RM30,000.00 (Non-Executive Directors) BGRMC RM40,000.00 (Chairman) RM20,000.00 (Non-Executive Directors) IC RM40,000.00 (Chairman) RM20,000.00 (Non-Executive Directors) BSC RM40,000.00 (Chairman) RM20,000.00 (Non-Executive Directors) DIRECTORS’ REMUNERATION The Board Remunerations Policy sets out the remuneration principles and guidelines in determining the remuneration for the Directors. The Board Remunerations Policy provides that the Board, via the NRC, shall conduct a high-level review and shall perform an in-depth benchmarking of the remuneration packages of the Board at least once in two years to ensure fairness and competitiveness relative to the market (based on market positioning, revenue, performance, total assets, profit after tax and market capitalisation of the comparator groups), to attract, retain and motivate the Board. The remuneration packages of the Board were last reviewed, benchmarked and approved by shareholders in 2022. Dato’ Dzulkifli Abd Wahab, the former Chairman, had agreed to waive his fees and meeting allowances as Chairman of BSC until further notice. SUMMARY OF BOARD REMUNERATIONS 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 package includes fees, benefits-in-kind and other benefits including meeting allowances and official business allowance. The Non-Executive Directors’ current fee structure is set out in the table below: Board Leadership and Effectiveness Principle A: The Non-Executive Directors’ current remuneration structure (excluding Directors’ fees) is set out below: MEETING ALLOWANCE Non-Executive Chairman and Non-Executive Directors • Local: RM2,000.00 • Overseas (Flight time ≤ 8 hours): RM3,000.00 OTHER BENEFITS Non-Executive Chairman • One company car (at least 2000cc with RM180,000.00 per annum of car utility expenses) • Driver (actual) • Club membership (RM10,000.00 per annum) • Mobile phone bills (actual) • Personal entertainment (RM24,000.00 per annum) • One personal bodyguard at Chairman’s disposal within Malaysia (actual) • Medical coverage (RM100,000.00 per annum) • Group Personal Accident insurance coverage (RM200,000.00 per annum) • Official Business Allowance (RM1,000.00 per day) • Overseas (Flight time > 8 hours): RM5,000.00 • Teleconferencing: RM2,000.00 • Medical coverage (RM100,000.00 per annum) • Group Personal Accident insurance coverage (RM200,000.00 per annum) • Official Business Allowance (RM1,000.00 per day) Non-Executive Directors More information on the summary of the Non-Executive Directors’ remuneration structure can be found on our website, www.fgvholdings.com.
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