Yinson Annual Report 2019

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. The Directors’ fees and meeting allowances payable to Directors of the Company were recommended by the Nominating and Remuneration Committee for Board’s consideration and consensus to be tabled for shareholders’ approval at the Annual General Meeting (“AGM”) of the Company held on 12 July 2018. The structure of the fees/ allowances payable to the Directors of the Company for the financial year ended 31 January 2019 is as follows: TYPE OF FEES / ALLOWANCES RM Board of Directors fees Non-Executive Director/Independent Director 200,000/annum Executive Director 50,000/annum Chairman of the Board 60,000/annum Audit Committee / Board Risk Management Committee fees Committee Chairman fees 30,000/annum Committee Member fees 20,000/annum Other Board Committees fees Committee Chairman fees 20,000/annum Committee Member fees 10,000/annum Meeting Attendance Allowance BoardMeeting and General Meeting Allowances 2,000/meeting Board Committees Allowances 1,000/meeting 85 Yinson Group Overview Strategy and Sustainability Governance Accountability Annual General Meeting