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GHL Systems Berhad
(293040-D)
Annual report 2015
DIRECTORS’ REMUNERATION
The Company has in place a fair and competitive remuneration packages for its directors in order to attract and
retain directors of an appropriate calibre. Executive Directors’ basic salaries are fixed for the duration of their
contract. Any revision to the basic salary will be reviewed and recommended by NRC, taking into account the
individual and the Company’s performance, the inflation price index, the affordability, and benchmarking to
the industry’s rate.
Other benefits in kind such as car, driver, petrol allowance and phone allowance are made available as
appropriate. Contribution is made to the Employees Provident Fund (“EPF”), the national mandatory defined
contribution plan, in respect of the Executive Directors. Executive Directors are not entitled to receive directors’
fees as well as meeting allowances.
Directors’ fees are recommended by the NRC to the Board after taking into consideration of the experience,
expertise and level of responsibilities undertaken by the particular Non-Executive Director concerned. The
Company reimburses all expenses incurred by the Directors, where relevant, in the course of carrying out their
duties.
The final decision on any remuneration package offered to the Executive Directors and the fees payable to Non-
Executive Directors are the responsibility of the entire Board. Individual Directors do not participate in decisions
regarding their own remuneration package. Fees payable to Directors are for approval by the shareholders at
the Annual General Meeting.
For FY 2015, a total sum of RM1,617,994 was paid to the Directors of the Company. The breakdown of the
Directors’ remuneration and the number of directors in the remuneration as follows:
MYR, Gross
Salary
and Other
Emoluments
Fees
EPF &
Socso
Grand
Total
Datuk Kamaruddin Bin Taib
13,500
84,000
-
97,500
Loh Wee Hian
600,000
-
72,620
672,620
Kanagaraj Lorenz
510,133
-
61,836
571,969
Ng King Kau
(resigned wef. 1st June 2015)
124,500
25,167
15,802
165,469
Fong Seow Kee
15,000
84,000
-
99,000
Goh Kuan Ho
(resigned wef. 3rd March 2015)
4,500
6,919
-
11,419
Brahmal A/L Vasudevan
7
-
-
7
Lim Sze Mei
10
-
-
10
Total
1,267,650
200,086
150,258
1,617,994
The Directors’ remuneration in aggregate, with categorisation into appropriate components, distinguishing
between Executive and Non-Executive Directors, is as follows:
MYR, Gross
Executive
Directors
Non-Executive
Directors
Salaries and other emoluments
1,110,133
157,517
Directors Fees
-
200,086
EPF & Sosco
134,456
15,802
Total
1,244,589
373,405
Statement on
Corporate Governance