Kimlun Corporation Berhad Annual Report 2020

In the case of Non-Executive Directors, the level of remuneration should reflect the experience and level of responsibilities undertaken by the particular Non-Executive Director concerned. Non-Executive Directors will be paid a fixed basic fee as ordinary remuneration, a sum based on their responsibilities in Board committees and allowances for their attendances at the meetings. The quantum of Non-Executive Directors’ remuneration shall not be based on commission, percentage of profits and/or turnover of the Group. The fee and allowance to the Non-Executive Directors are subject to the approval of the shareholders. No Board member, whether executive or non-executive, will be involved in deciding his own remuneration. The remuneration received or receivable by the Directors for FY2020 are as follows: Name of Directors Fee ∞ (RM) Meeting allowance ∞ (RM) Salaries and other allowances ^ (RM) Bonus ^ (RM) EPF ^ (RM) Benefits- in-kind ^ (RM) Total (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 Datuk Woon See Chin (Appointed on 1 October 2020) 18,600 850 19,450 Total 259,800 16,150 275,950 Executive Director Pang Tin @ Pang Yon Tin 588,443 105,334 28,000 721,777 Sim Tian Liang 583,295 110,834 24,910 719,039 Chin Lian Hing 583,295 110,834 24,910 719,039 Yam Tai Fong 555,130 105,479 17,400 678,009 Pang Khang Hau 724,960 70,802 546 796,308 Total 3,035,123 503,283 95,766 3,634,172 ^: received and receivable on group basis. None of the amount was received from the Company. ∞ : received and receivable from the Company. During FY2020, 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 31 December 2021. The Board concurred with the recommendation of the RC, and that shareholders’ approval be sought at the Twelfth AGM on the payment of Directors’ fees and benefits up to an amount of RM600,000 to the Independent Directors for the period commencing from the date of the forthcoming Twelfth 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 one additional independent director. The Board is in the process of identifying suitable candidate(s) for appointment as independent director, 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. CORPORATE GOVERNANCE OVERVIEW STATEMENT Annual Report 2020 042