GHL System Berhad Annual Report 2017

ANNUAL REPORT 2017 37 DIRECTORS’ REMUNERATION (cont’d) The number of Directors of the Company whose remuneration band falls within the following successive bands is as follows: Ranges of Remuneration (MYR, Gross) Executive Directors Non-Executive Directors 1 – 50,000 - 3 150,001 – 200,000 - 1 200,001 – 250,000 - 1 250,001 – 300,000 1 - 1,000,001 – 1,050,000 1 - Total 2 5 SENIOR MANAGEMENT’S REMUNERATION The remuneration of key management personnel comprises primarily a basic salary component and a variable component, which includes bonuses rewarded based on the performance of the Company, the Group as a whole, and individual performance. The Company currently does not have any long-term incentive scheme(s) or contractual provisions to reclaim incentive components of remuneration key management personnel. Practice 7.2 of the MCCG 2017 recommends that companies disclose the name and remuneration of at least the top five Senior Management personnel. As best practice, companies are encouraged to fully disclose the remuneration of the said top five Senior Management personnel. In addition, companies should also disclose the aggregate of the total remuneration paid or payable to the top five key management personnel. Due to the existing industry competition to retain and recruit key talent, the Board is of the opinion that it is in the best interest of the Company to disclose the Company’s top seven Senior Management personnel’s remuneration in bands of RM300,000 during FY 2017: Salary and Other Emoluments Fees EPF & Socso Total Remuneration % % % % Band Leong Kah Chern 89 - 11 - III Kam Wai Peng 89 - 11 - II Yap Chih Ming 89 - 11 - II Dunstan Maurice 89 - 11 - II Sam Eng Sun 89 - 11 - II Chumacera, Rey Maria Receno 99 - 1 - II Napaporn Wilaikit 95 - 5 - II Note: Band I: Remuneration up to MYR300,000 per annum Band II: Remuneration between MYR300,001 and MYR600,000 per annum Band III: Remuneration between MYR600,001 and MYR900,000 per annum MYR Aggregate of the total remuneration paid or payable to the top seven key management personnel 3,838,163 CORPORATE GOVERNANCE OVERVIEW STATEMENT CONT’D