Datasonic Group Berhad Annual Report 2021

DATASONIC GROUP BERHAD 62 III. REMUNERATION Remuneration of Directors and Key Senior Management The remuneration packages of the Executive Directors are structured based on their experience, responsibilities and performance. The NRC reviewed the salary increment and bonuses for the Managing Director, Deputy Managing Director, Executive Directors as well as the Key Senior Management based on their respective responsibilities, performance and the business performance of the Group in terms of profit contributions. The remuneration of Non-Executive Directors is by way of fixed annual fees, based on the recommendation of the Board to be approved by the shareholders at the AGM. The level of remuneration reflects the experience and level of responsibilities undertaken by each Non-Executive Director. The Directors concerned do not participate in the deliberations and decisions in respect of their individual remuneration. They are also reimbursed reasonable expenses incurred in the course of carrying out their duties on behalf of the Group, if applicable. In addition, the Non-Executive Directors are also paid meeting allowances based on their attendance at the Board and Board Committees meetings to defray their expenses in preparation and attendance of such meetings. The Remuneration Framework adopted by the Board is designed to increase the motivation level and productivity of the Group’s employees and ensure that the salary levels commensurate to the individual staff’s performance. As a general principle, the remuneration of Directors and Key Senior Management (i.e. Directors of the subsidiary companies, Chief Operating Officer and Heads of Departments) is linked to their level of responsibilities and how well these responsibilities have been discharged. In February 2021, the NRC reviewed and recommended to the Board for approval the remuneration package of the Managing Director, Encik Wan Zalizan bin Wan Jusoh and the Director’s fee of the Non-Independent Non-Executive Director, Dato’ Haji Razali bin Mohd Yusof. Subsequently in March 2021, the NRC reviewed and recommended to the Board for approval the remuneration package for Mr Chia Kok Khuang and Encik Safian bin Mohd Yunus who have been appointed as the DeputyManaging Director and Executive Director of the Company respectively. No Director is involved in deciding his or her remuneration. In May 2021, the Board approved the NRC’s recommendation for the Company to seek the shareholders’ approval at the Thirteenth AGM for the Directors’ fees payable to the Non-Executive Directors of the Company up to an amount of RM1,100,000 from the day after the Thirteenth AGM until the next AGM of the Company, to be paid monthly in arrears; and the Directors’ benefits payable to the Non- Executive Directors of the Company up to an amount of RM200,000 from the day after the Thirteenth AGM until the next AGM of the Company. PRINCIPLE A BOARD LEADERSHIP AND EFFECTIVENESS