Yinson Annual Report 2021

164 YINSON HOLDINGS BERHAD SECTION 06 : GOVERNANCE CORPORATE GOVERNANCE OVERVIEW STATEMENT 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. 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 16 July 2020. The structure of the fees/ allowances payable to the Directors of the Company for FYE 2021 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