Yinson Annual Report 2020

163 Annual Report 2020 Directors Training programme Sharifah Munira bt. Syed Zaid Albar * • Introduction to Corporate Directorship • International Directors Summit 2019 - The Trust Compass: Resetting the Course • Why Governance Matters for Startups • Yinson Director Induction * Appointed on 1 January 2020. 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 NRC for Board’s consideration and consensus to be tabled for shareholders’ approval at the AGM of the Company held on 11 July 2019. The structure of the fees/allowances payable to the Directors of the Company for the FYE 2020 is as follows: Types of fees / allowances RM Board fees Non-Executive Director/Independent Director 200,000/annum Executive Director 50,000/annum Chairman of the Board 60,000/annum AC/BRMC 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 Board Meeting and General Meeting allowances 2,000/meeting Board Committees allowances 1,000/meeting