GHL System Berhad Annual Report 2017

GHL SYSTEMS BERHAD 36 DIRECTORS’ REMUNERATION The Company has in place 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 the experience, expertise and level of responsibilities undertaken by the particular Non-Executive Director in concern. 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 deciding their own remuneration package. Fees payable to Directors are upon approval by the shareholders at the Annual General Meeting. For the financial year ended 31 December 2017, a total sum of RM1,692,726 was paid and payable to the Directors of the Company. The breakdown of the Directors’ remuneration and the number of Directors in the remuneration is as follows: Directors (MYR, Gross) Salary and Other Emoluments Fees EPF & Socso Grand Total Datuk Kamaruddin Bin Taib 27,000 180,000 - 207,000 Loh Wee Hian 920,000 - 111,229 1,031,229 Kanagaraj Lorenz (retired wef. 26th May 2017) 249,231 - 30,253 279,484 Fong Seow Kee 27,000 148,000 - 175,000 Brahmal A/L Vasudevan (resigned wef. 24th May 2017) 6 - - 6 Ali Zaynalabidin Haeri Mazanderani (appointed wef 26th May 2017) 2 - - 2 Hossameldin Abdelhamid Mohamed Aboumoussa (appointed wef 26th May 2017) 5 - - 5 Total 1,223,244 328,000 141,482 1,692,726 The Directors’ remuneration in aggregate, with categorisation into appropriate components, distinguishing between Executive and Non-Executive Directors, is as follows: Remuneration Component (MYR, Gross) Executive Directors Non-Executive Directors Salaries and other emoluments 1,169,231 54,013 Directors Fees - 328,000 EPF & Socso 141,482 - Total 1,310,713 382,013 CORPORATE GOVERNANCE OVERVIEW STATEMENT CONT’D