EXCEL FORCE MSC BERHAD Annual Report 2018

26 EXCEL FORCE MSC BERHAD (570777-X) ANNUAL REPORT 2018 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) 6.1 The RC held one (1) meeting during the financial year to carry out its function as stated within the term of reference. The details of terms of reference of RC are available for reference at the Company’s website at www.excelforce.com.my. 6.2 The RC’s primary responsibility is to review and recommend the remuneration of Directors to the Board. The Board, as a whole, determines the remuneration of the Directors and the individual Director is required to abstain from discussing his own remuneration. In the case of Executive Directors, the remuneration scheme is structured based on corporate and individual performance. On the other hand, Non-Executive Directors are remunerated based on their experiences and the level of responsibilities undertaken by the respective Non-Executive Directors concerned. The Remuneration Committee will make its recommendations to the Board regarding the Company’s policy on the staff remuneration by taking into consideration the salary and employment conditions within the industry and benchmarks from comparable companies. The Remuneration Committee strives to be competitive, linking staff rewards with their performance and responsibilities. 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 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 2018 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 396,000 1,107,720 160,045 1,663,765 Non-executive Directors 151,000 - - 151,000 Total 547,000 1,107,720 160,045 1,814,765 Group Fees (RM) Salaries & bonus (RM) Other emoluments (RM) Total (RM) Executive Directors 396,000 1,107,720 160,045 1,663,765 Non-executive Directors 151,000 - - 151,000 Total 547,000 1,107,720 160,045 1,814,765 Corporate Governance Overview Statement (cont’d)