PRG Holdings Berhad Annual Report 2018

2018 A N N U A L R E P O R T 56 ACTIVITIES OF THE REMUNERATION COMMITTEE During the financial year, the Remuneration Committee undertaken the following activities: (a) Reviewed and deliberated the remuneration packages of the Executive Directors of the Company and bonus for the Executive Directors, taking into consideration the Group’s performance and on-going corporate activities. (b) Reviewed the Directors’ Fees for the Non-Executive Directors of the Company to commensurate with wider duties and heavier responsibilities placed on the Non-Executive Directors. (c) Reviewed the Service Contracts for the Executive Directors. (d) Reviewed the Report of the Remuneration Committee for inclusion in the Annual Report 2017. (e) Reviewed and updated the Terms of Reference of the Committee to ensure its adequacy for current circumstances, the Company’s policies and/or compliance with applicable rules and regulations. Reviewed the policy on Directors Remuneration to ensure a transparent, fair and reasonable process in place for determining appropriate remuneration for Directors. (f) Reviewed and commented on the proposed key performance indicators for the Executive Directors. (g) Discussed the proposed establishment of Group Remuneration Policy which should be aligned to overall business strategy and facilitate commensurate remuneration packages of the Group. DIRECTORS’ REMUNERATION In line with Practice 7.1 of the MCCG, the detailed disclosure on named basis for the remuneration of individual Directors including the remuneration breakdown of fees, salary, bonus, benefits in-kind and other emoluments are adopted. Details of the Directors’ remuneration for the financial year ended 31 December 2018 are set out below: Directors’ Other Benefits- Salary fees Bonus emoluments in-kind Total (RM’000) (RM’000) (RM’000) (RM’000) (RM’000) (RM’000) Executive Directors Dato' Lua Choon Hann 800 - - 297 7 1,104 Dato' Wee Cheng Kwan 600 - - 276 4 880 Na Chun Wee 1 577 - - 199 5 781 Dato' Yau Kok Seng 2 454 14 - 173 4 645 (Resigned on 31 December 2018) Non-Executive Directors Dato' Dr. Awang Adek bin Hussin - 80 - 6 - 86 Datuk Dr. Wong Lai Sum - 60 - 8 - 68 Dato' Hamzah bin Mohd Salleh - 60 - 7 - 67 (Resigned on 27 December 2018) Lim Chee Hoong - 70 - 7 - 77 Notes: 1 Appointed as Executive Director on 15 January 2018. 2 Dato’ Yau was appointed as a Non-Independent Non-Executive Director on 1 March 2018 and was re-designated as the Group Executive Vice Chairman on 23 May 2018. Hence, his remuneration has been pro-rated accordingly. report of the remuneration committee (continued)