GHL System Berhad Annual Report 2018

a n n u a l r e p o r t 2 0 1 8 35 PRINCIPLE A: BOARD LEADERSHIP AND EFFECTIVENESS (cont’d) II. BOARD COMPOSITION (cont’d) 2.6 Directors’ Training (cont’d) In addition, all Directors are, from time to time, provided with reading materials and internal briefings pertaining to the latest developments in areas relating to the Directors’ roles and responsibilities by the Company Secretary or by its members who attended relevant conferences and seminars. The External Auditors also briefed the Board on any changes to the Malaysian Financial Reporting Standards that affect the Group’s financial statements during the year. III. REMUNERATION 3.1 Directors’ Remuneration The Company has in place a fair and competitive remuneration package for each of its Directors in order to attract and retain Directors of an appropriate calibre. The NRC’s recommended remuneration for Directors is guided by market norms and industry practices. The recommendations for the compensation and benefits of Directors are subject to Board’s approval as it is the ultimate responsibility of the Board to approve the remuneration of the Directors. The aggregate remuneration of Directors received from the Company and on Group basis for the financial year ended 31 December 2018, with its breakdown, are as follows:- Directors Salary (RM) Fees (RM) Other Emoluments (RM) Grand Total (RM) By Company Executive Director: Loh Wee Hian 1,143,323 - - 1,143,323 Non-Executive Directors: Datuk Kamaruddin Bin Taib - 150,000 53,970 203,970 Dato’ Chan Choy Lin (appointed wef. 25 June 2018) - 37,200 9,000 46,200 Fong Seow Kee (resigned wef. 31 July 2018) - 63,000 15,000 78,000 Ali Zaynalabidin Haeri Mazanderani - - 4 4 Hossameldin Abdelhamid Mohamed Aboumoussa - - 16 16 Matteo Stefanel (appointed wef. 22 November 2018) - - - - Total 1,143,323 250,200 77,990 1,471,513 By Group Executive Director: Loh Wee Hian 1,143,323 - - 1,143,323 Non-Executive Directors: Datuk Kamaruddin Bin Taib - 150,000 53,970 203,970 Dato’ Chan Choy Lin (appointed wef. 25 June 2018) - 37,200 9,000 46,200 Fong Seow Kee (resigned wef. 31 July 2018) - 63,000 15,000 78,000 Ali Zaynalabidin Haeri Mazanderani - - 4 4 Hossameldin Abdelhamid Mohamed Aboumoussa - - 16 16 Matteo Stefanel (appointed wef. 22 November 2018) - - - - Total 1,143,323 250,200 77,990 1,471,513 CORPORAT E GOVERNANCE OVERV I EW STAT EMENT C O N T ’ D