Wah Seong Corporation Berhad Annual Report 2017

GOVERNANCE WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 34 1. MEMBERS AND MEETING Members and details of attendance of Directors at the Remuneration Committee Meeting of the Company for the financial year ended 31 December 2017 are as follows: Name Of Director Directorship Date of Appointment No. of Meeting Attended Halim Bin Haji Din (Chairman) Independent Non-Executive Director 22 May 2002 1/1 Chan Cheu Leong (Member) Managing Director/ Group Chief Executive Officer 22 May 2002 1/1 Professor Tan Sri Lin See Yan (Member) Senior Independent Non-Executive Director 25 August 2014 1/1 2. ROLE OF THE REMUNERATION COMMITTEE The Remuneration Committee (“RC”) shall set the policies and procedures to determine the remuneration of the Company’s Board of Directors and Senior Management, drawing from outside advice as necessary with the objective of ensuring: a. that the Company’s Executive Directors are fairly rewarded for their individual contributions to the Company’s overall performance; and b. that the levels of remuneration are sufficient to attract and retain the Directors needed to run the Company successfully. The determination of remuneration packages of Non-Executive Directors, including Non-Executive Chairman should be a matter for the Board as a whole. The individuals concerned should abstain from discussion of their own remuneration. 3. TERMS OF REFERENCE i. Composition The RC shall be headed by a Non-Executive Chairman and its members shall comprise wholly or mainly of Non-Executive Directors. ii. Quorum of Meetings A minimum of two (2) RC Members present in person shall constitute the quorum. Any other person(s) maybe invited or determines by the RC and/or the RC Chairman from time to time to attend the RC meeting. iii. RC Members The RC Members are as disclosed above. REMUNERATION COMMITTEE