Sasbadi Annual Report 2021

47 ANNUAL REPORT 2021 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 aggregate remuneration received by the Directors from the Company and the Group for the FYE 31 August 2021 are as follows: Director Fees RM’000 Salaries RM’000 Employees’ Provident Fund RM’000 Estimated Value of Benefit –in–Kind RM’000 Total RM’000 Dato’ Salleh Bin Mohd Husein 40 – – – 40 Law King Hui 40 141 6 35 222 Lee Swee Hang 40 151 7 7 205 Law Yi Chian 40 175 22 17 254 Dato’ Noor Rezan Binti Bapoo Hashim 40 – – – 40 Tang Yuen Kin (retired on 4 February 2021 and reappointed on 3 May 2021) 30 – – – 30 Total 230 467 35 59 791 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 2021, is as follows: RM’000 Salaries and bonus Other Emoluments 800 164 Total 964 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. CORPORATE GOVERNANCE OVERVIEW STATEMENT (continued)