Sasbadi Annual Report 2019

PAGE 39 ANNUAL REPORT 2019 CORPORATE GOVERNANCE OVERVIEW STATEMENT (continued) 12. Directors’/Key Management Personnel’s Remuneration The Remuneration Committee has put in place a Remuneration Framework and 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 2019 are as follows: Director Fees RM’000 Salary RM’000 Employees’ Provident Fund RM’000 Estimated Value of Benefits in Kind RM’000 Total RM’000 Dato’ Salleh Bin Mohd Husein 72 – – – 72 Law King Hui 72 360 43 35 510 Lee Swee Hang 72 60 4 5 141 Law Yi Chian 72 216 26 18 332 Dato’ Noor Rezan Binti Bapoo Hashim 72 – – – 72 Lim Hun Soon @ David Lim 72 – – – 72 Total 432 636 73 58 1,199 With the best interest of the Group in mind, and taking into consideration the sensitivity, privacy, security, issue of staff poaching, the Board has opted not to disclose on a named basis the top five senior management’s remuneration in the bands of RM50,000. Instead, the Company will disclose the top five senior management’s remuneration on an aggregate basis. The top five senior management’s remuneration on an aggregate for the FYE 31 August 2019, is as follows: RM’000 Salaries and bonus Other Emoluments 1,062 126 Total 1,188 Other than the above, the Company has arranged for Directors’ and Officers’ Liability Insurance to indemnify the Directors and officers of the Group against liabilities incurred by them during the discharge of their duties while in office.