24
FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT 2014
Principle 2 – Strengthen composition (cont’d)
2.2 The Nominating Committee should develop, maintain and review the criteria to be used in the
recruitment process and annual assessment of Directors (cont’d)
Details of attendance of the Board Committee members for the financial year ended 31 December 2014 are as follows:
Directors
Audit
Committee
Nomination
Committee
Remuneration
Committee
Ng Wai Pin
N/A
N/A
1/1
Dato’ Haji Johar Bin Murat @ Murad
5/5
2/2
1/1
Aaron Sim Kwee Lein
5/5
2/2
1/1
Dr Jorg Helmut Hohnloser
3/5
1/2
N/A
2.3 The Board should establish formal and transparent remuneration policies and procedures to attract and
retain directors
The Remuneration Committee, which comprises three (3) Directors, a majority of whom are Independent Directors,
met once during the financial year under review to deliberate matters within its terms of reference. Its key function
is to ensure that the Company is able to attract and retain Directors of the calibre and quality required to manage
the business of the Group.
As such, the Remuneration Committee is tasked to review the remuneration of Directors and Senior
Management to ensure that they are remunerated at competitive levels in relation to the achievement of goals and
the performance of the Group. The remuneration packages of the Executive Directors and Senior Management
are then recommended to the Board for approval.
The Board recommends the fees payable to Directors on a yearly basis to the shareholders for approval at the
Annual General Meeting in line with the provision of the Company’s Articles of Association.
The aggregate remuneration of the Directors of the Company from the Group for the financial year ended 31
December 2014 is as follows:
Executive Directors
Non-Executive Directors
RM’000
RM’000
Salaries
2,488
–
Fees
31
130
Bonuses
478
–
Other emoluments
72
–
3,069
130
The number of Directors whose remuneration falls within the respective bands is as follows:
Executive Directors
Non-Executive Directors
Below RM50,000
–
2
RM50,001 to RM100,000
–
1
RM1,050,001 to RM1,100,000
1
–
RM2,000,001 to RM2,050,000
1
–
2
3
CORPORATE GOVERNANCE
STATEMENT
(cont’d)
