MSM Malaysia Holdings Berhad Annual Report 2020

Non-Executive Directors The Non-Executive Directors’ remuneration package reflects the experience, expertise and level of responsibilities undertaken by the Non-Executive Directors. Details of the Non-Executive Directors’ remuneration as members of the Board and Board Committees in the form of fees FYE 2020 are as follows: Board/Board Committees Fees per annum (RM) Chairman Member Board of Directors 315,000.00 (RM26,250/month) 120,000.00 (RM10,000/month) Board Committees - Audit, Governance and Risk Committee - Nomination and Remuneration Committee - Investment and Tender Committee 24,000.00 10,000.00 10,000.00 12,000.00 8,000.00 8,000.00 Details of the Non-Executive Directors’ benefits in accordance with the remuneration structure (excluding Directors’ annual fees) are set out below: Meeting Allowance • Board and Board Committee meeting: RM2,000 per attendance Benefits • Company car (Chairman only): - one (1) Company car of at least 2000cc • Driver allowance or Security service allowance - not more than RM2,500 per month (reimbursable) • Medical expenses, insurance coverage, travelling expenses and other claimable benefits In July 2020, the NRC had engaged an external consultant, KPMG Management & Risk Consulting Sdn Bhd to conduct an independent review of the remuneration framework for Non-Executive Directors of MSM, with a view of ascertaining its competitiveness and alignment with the long-term interests of the Company. The details on the review carried out is disclosed in the NRC Report, page 105 of this Annual Report. Summary of Group Chief Executive Officer’s Remuneration Policy The GCEO receives a remuneration package recommended by the NRC and approved by the Board. The remuneration package takes into account the individual performance which are benchmarks against the Company’s targets as well as market rate for benefits-in-kind, annual increment and bonus. The GCEO is not entitled to annual fees nor any meeting allowances for the Board and Board Committee meetings. GCEO is also not entitled to any annual fees in MSM Group. The summary of the GCEO’s remuneration package is as follows: + = BASIC SALARY ADDITIONAL BENEFIT Benefits-in-kind Other Benefits Allowances FIXED REMUNERATION VARIABLE REMUNERATION TOTAL REMUNERATION PERFORMANCE BONUS MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 87 SUSTAINABILITY REPORT EFFECTIVE LEADERSHIP CORPORATE GOVERNANCE FINANCIAL STATEMENTS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING