EXCEL FORCE MSC BERHAD Annual Report 2017

26 EXCEL FORCE MSC BERHAD (570777-X) ANNUAL REPORT 2017 PRINCIPLE A – BOARD LEADERSHIP AND EFFECTIVENESS (cont’d) III Remuneration (cont’d) 6.0 The level and composition of remuneration of directors and senior management take into account the Company’s desire to attract and retain the right talent in the board and senior management to drive the company’s long term objectives. The remuneration policies and decisions are made through a transparent and independent process. (cont’d) 6.2 The Remuneration Committee aims to directly align the interests of Directors, senior management and key executives with the interests of shareholders, to improve performance and achieve sustainable growth for the Company in the changing business environment, and to foster a greater ownership culture amongst its senior management and key executives. 7.0 Stakeholders are able to assess whether the remuneration of directors and senior management is commensurate with their individual performance, taking into consideration the Company’s performance. The details of the Directors’ remuneration comprising remuneration received/receivable from the Company and subsidiary respectively in financial year ended 31 December 2017 are as follows: - 7.1 Aggregate remuneration of Directors categorized into appropriate components are as follows : Company Fees (RM) Salaries & bonus (RM) Other emoluments (RM) Total (RM) Executive Directors 370,786 1,087,087 - 1,457,873 Non-executive Directors 144,000 - - 144,000 Total 514,786 1,087,087 1,601,873 Group Fees (RM) Salaries & bonus (RM) Other emoluments (RM) Total (RM) Executive Directors 370,786 1,087,087 - 1,457,873 Non-executive Directors 144,000 - - 144,000 Total 514,786 1,087,087 1,601,873 7.2 Directors’ remuneration are broadly categorized into the following bands: - Company Number of Directors Group Number of Directors Range of remuneration RM Executive Non-Executive Executive Non-Executive 50,000 and below- - 3 - 3 100,001 to 150,000 1 - 1 - 300,001 to 350,000 2 - 2 - 350,001 to 400,000 - - - - 400,001 to 450,000 2 - 2 - Corporate Governance Statement (cont’d)