Frontken Berhad Annual Report 2018

28 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2018 Corporate Governance Overview Statement (cont’d) PRINCIPLE A – BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) III. Remuneration The Board has established a Remuneration Committee (“RC”) comprising three (3) members, the majority of whom are Independent Non-Executive Directors. The RC is entrusted by the Board to implement the policies and procedures on matters relating to the remuneration of the Board and Senior Management and making recommendations on the same to the Board for approval. The Board has adopted the said policies as deliberated by the RC to determine the remuneration of Directors and Senior Management, which is aligned with the business strategy and long-term objectives of the Company. The Executive Directors and Senior Management are paid salaries, allowance, performance-based incentive, including KXW^\ JWM X]QN[ L^\]XVJ[b KNWN࠰]\ J\ JYY[XY[RJ]N =QN [NV^WN[J]RXW R\ \N] KJ\NM XW [NUN_JW] VJ[TN] [NUJ]R_R]RN\ YN[OX[VJWLN Z^JUR࠰LJ]RXW\ NaYN[RNWLN JWM PNXP[JYQRL UXLJ]RXW `QN[N ]QN YN[\XWWNU R\ KJ\NM =QN \JUJ[b UN_NU OX[ Executive Directors and Senior Management takes into account the nature of the role, performance of the business and the individual and market positioning. The remuneration of Independent Directors comprises fees and meeting allowances. The Board ensures that the [NV^WN[J]RXW OX[ 2WMNYNWMNW] 7XW .aNL^]R_N -R[NL]X[\ MX WX] LXW࠱RL] `R]Q ]QNR[ XKURPJ]RXW ]X K[RWP XKSNL]R_R]b JWM independent judgement on matters discussed at Board meetings. The respective Directors are required to abstain from deliberation and voting on their own remuneration at Board Meetings. Pursuant to the Main Market Listing Requirements of Bursa Securities, the Company is required to disclose the [NV^WN[J]RXW [NLNR_NM Kb R]\ -R[NL]X[\ XW J WJVNM KJ\R\ OX[ ]QN ࠰WJWLRJU bNJ[ ^WMN[ [N_RN` O[XV ]QN ,XVYJWb JWM ]QN 0[X^Y LX_N[RWP -R[NL]X[\۴ ONN\ \JUJ[RN\ KXW^\N\ KNWN࠰]\ RW TRWM JWM X]QN[\ /^UU MN]JRU\ XO \^LQ [NV^WN[J]RXW received by the Directors on a named basis are disclosed under Practice 7.1 of the Corporate Governance Report of the Company which is uploaded on the corporate website at www.frontken.com . Meetings of the Board and Board Committees -^[RWP ]QN ࠰WJWLRJU bNJ[ ^WMN[ [N_RN` ]QN +XJ[M LXW_NWNM ࠰_N VNN]RWP\ `QRU\] ]QN *^MR] ,XVVR]]NN 7XVRWJ]RXW ,XVVR]]NN JWM ;NV^WN[J]RXW ,XVVR]]NN QNUM ࠰_N ]`X JWM ]`X VNN]RWP\ [N\YNL]R_NUb =QN J]]NWMJWLN XO ]QN members at the said meetings is set out below: Name of Director Board Audit Committee Nomination Committee Remuneration Committee Ng Wai Pin Chairman of Board and Remuneration Committee IVL +PQMN -`MK]\Q^M 7N࠯KMZ 5/5 N/A N/A 2/2 Dr Tay Kiang Meng Executive Director 5/5 N/A N/A N/A Dato’ Haji Johar bin Murat @ Murad Independent Non-Executive Director and Chairman of Audit Committee and Nomination Committee 5/5 5/5 2/2 2/2 Aaron Sim Kwee Lein Senior Independent Non-Executive Director 5/5 5/5 2/2 2/2 Dr Jorg Helmut Holnloser Independent Non-Executive Director 3/5 3/5 1/2 N/A