Yinson Annual Report 2018

Governance Corporate Governance Overview Statement (Cont’d) Part III – Remuneration Intended Outcome 6.0 The level and composition of remuneration of directors and senior management take into account the company’s desire to attract and retain the right talent in the board and senior management to drive the company’s long-term objectives. Remuneration policies and decisions are made through a transparent and independent process. Intended Outcome 7.0 Stakeholders are able to assess whether the remuneration of directors and senior management is commensurate with their individual performance, taking into consideration the company’s performance. During the financial year under review, the Board via Nominating and Remuneration Committee has reviewed and revised the remuneration structure of the Directors with effect from 1 February 2018 to be structured based on fee as a director, fee for participation as member and chairman of a committee as well as meeting allowances as follows: RM Board of Directors Fees Non-Executive Directors 200,000/annum Executive Directors 50,000/annum Chairman of the Board Additional 10,000/annum Audit Committee/Board Risk Management Committee Chairman Fees 30,000/annum Member Fees 20,000/annum Other Committees Chairman Fees 20,000/annum Member Fees 10,000/annum Meeting Attendance Allowances Board Meeting and General Meeting Allowances 2,000/meeting Board Committees Allowances 1,000/meeting 70 Yinson Holdings Berhad Annual Report 2018