Sasbadi Annual Report 2017

44 SASBADI HOLDINGS BERHAD (1022660-T) I BER AD (10 2 60-T) Members: Dato’ Salleh Bin Mohd Husein (Independent Non-Executive Chairman) Dato’ Noor Rezan Binti Bapoo Hashim (Senior Independent Non-Executive Director) (appointed on 31 October 2017) Law King Hui (Group Managing Director) (resigned on 31 October 2017) As shown above, with effect from 31 October 2017, all the members are Non-Executive Directors. The full Terms of Reference setting out the Remuneration Committee’s composition, meeting proceedings, functions and reporting procedures, can be viewed at the Company’s website, www.sasbadiholdings.com . During FYE 31 August 2017, the Remuneration Committee held a total of three (3) meetings. The attendance of the members of the Remuneration Committee at the meetings is as follows: Member Attendance Lim Hun Soon @ David Lim Dato’ Salleh Bin Mohd Husein Law King Hui 3 out of 3 3 out of 3 3 out of 3 A summary of the activities carried out by the Remuneration Committee during FYE 31 August 2017 is as follows: • Reviewed and approved the service contract for the Executive Director, i.e. Law Yi Chian, prior to recommending to the Board for execution. • Discussed and reviewed the Directors’ fees for FYE 31 August 2017 prior to recommending to the Board the tabling for shareholders’ approval of the said fees at the previous AGM held on 19 January 2017. • Reviewed the employees’ unutilised annual leave. • Reviewed and endorsed the list of key performance indicators for the Executive Directors, which include profitability, value creation, productivity, investor relations, leadership, brand equity, training of personnel, and employee satisfaction. • Reviewed the performance of the principal officers/key senior management of the Group for FYE 31 August 2016. The Remuneration Committee has put in place a Remuneration Policy with the objectives of creating a fair and transparent system for determining the appropriate levels of remuneration for both executive and non-executive directors, and to ensure that the levels of remuneration are sufficient to attract and retain persons having the right skills, experience, competence and expertise to serve as executive and non-executive directors in the Company. Details of the aggregate remuneration received by the Directors from the Company and the Group for FYE 31 August 2017 are as follows: Company Group RM’000 RM’000 Executive Directors Fees 240 240 Salaries, bonuses and EPF – 1,459 Estimated monetary value of benefits-in-kind – 77 Total 240 1,776 Non-Executive Directors Fees 320 320 Salaries, bonuses and EPF – – Estimated monetary value of benefits-in-kind – – Total 320 320 CORPORATE GOVERNANCE STATEMENT