Kimlun Corporation Berhad Annual Report 2019

The remuneration received or receivable by the Directors for FY2019 are as follows: Salaries and Meeting other Benefits- Fee ∞ allowance ∞ allowances ^ Bonus ^ EPF ^ in-kind ^ Total Name of Directors (RM) (RM) (RM) (RM) (RM) (RM) (RM) Independent Director Dato’ Paduka (Dr.) Ir. Hj. Keizrul Bin Abdullah 80,400 5,100 85,500 Kek Chin Wu 80,400 5,100 85,500 Chua Kee Yat @ Koo Kee Yat 80,400 5,100 85,500 Total 241,200 15,300 256,500 Executive Director Pang Tin @ Pang Yon Tin 652,680 160,170 148,782 28,000 989,632 Sim Tian Liang 651,120 159,780 154,079 24,910 989,889 Chin Lian Hing 651,120 159,780 154,079 24,910 989,889 Yam Tai Fong 619,680 151,920 146,608 11,153 929,361 Pang Khang Hau 822,611 161,640 98,429 13,325 1,096,005 Total 3,397,211 793,290 701,977 102,298 4,994,776 ^ : received and receivable on group basis. None of the amount was received from the Company. ∞ : received and receivable from the Company. During FY2019, the RC had reviewed the remuneration of the Directors taken into consideration the respective Director’s experience, level of responsibility, contribution and commitment to the Company, the performance of the Group, the compensation levels for comparable positions among other similar Malaysian public listed companies and market condition. Based on the result of its review, the RC made recommendation to the Board on the remuneration package for the Directors for financial year ending 2020. The Board concurred with the recommendation of the RC, and that shareholders’ approval be sought at the Eleventh AGM on the payment of Directors’ fees and benefits up to an amount of RM470,000 to the Independent Directors for the period commencing from the date of the forthcoming Eleventh AGM until the next AGM of the Company. The proposed fees and benefits are inclusive of the provision for fees and benefits for up to two additional independent directors. The Board is in the process of identifying suitable candidate(s) for appointment as independent director(s), in its effort to apply the recommendation under the MCCG 2017 that at least half of the board comprises independent directors. The Group’s top five senior management are the five Executive Directors of the Company. Their respective remuneration is disclosed above. Board Evaluation and Performance The NC evaluates the effectiveness and performance of the Board as a whole, the Board Committees and the individual Directors on an annual basis. The process is internally facilitated and conducted through questionnaires covering a variety of assessment criteria. The criteria on which assessment is made is developed, maintained and reviewed by the NC. The assessment criteria includes the mix of skills, experience, competency, time commitment, character, integrity, independence, ability to constructively challenge and contribute to the development of strategy, diversity and other qualities required to meet the needs of the Group and to comply with the provisions of the MMLR. The NC, upon discussion of the results, will present the findings to the Board. Based on the evaluation conducted in FY2019, the NC found that the Board as a whole, the Board Committees and the individual Directors are effective and possess the criteria required to discharge their duties professionally and effectively, and uphold good governance standards in their conduct. The NC presented their findings to the Board, and the Board concurred with the findings of the NC. Annual Report 2019 Kimlun Corporation Berhad CORPORATE GOVERNANCE OVERVIEW STATEMENT (cont’d) 40