4. DIRECTORS’ REMUNERATION The Board of the Company is mindful that fair remuneration is critical to attract, retain and motivate the right talent in the Board and senior management of the Company. To this end, DNeX Group has in place the Remuneration Policy, which set out to provide guidelines with regards to the remuneration package for the Board and senior management of DNeX Group in line with the best practice of the MCCG issued by the Securities Commission Malaysia. The Remuneration Policy has been designed with the aim to support DNeX Group’s key strategies and create a strong performance-oriented environment and be able to attract, motivate and retain talent as well as promoting business stability and growth of DNeX Group. The Remuneration Policy is available on the Company’s website at www.dnex.com.my. The remuneration for the Executive Directors links rewards to corporate and individual performances. Non-Executive Directors are remunerated in the form of directors’ fees which are approved annually by the shareholders at the AGM and an attendance allowance for each Board meeting that they attend. The Company had, during its 52nd AGM held on 6 December 2022, obtained shareholders’ approval for the payment of Directors’ fees and benefits to the Non-Executive Directors of the Company and its subsidiaries up to an aggregate amount of RM4,000,000 for the period from 7 December 2022 until the forthcoming 53rd AGM of the Company. For the financial period ended 31 December 2023, a total of RM3,172,000 was paid to the Non-Executive Directors of the Company and its subsidiaries. The mandate gave authority to the Company and its subsidiaries to pay Directors’ fees and benefits to their Directors, on a monthly basis and after each month of completed service of the Directors. The benefits payable to the Directors comprises allowances and other emolument payable to the Chairman and members of the Board, Board of subsidiaries, Board Committees and such other committees as may be established by the Board. The payment of Directors’ fees and benefits to each Director of the Company and its subsidiaries are based on among others, the following rates: Description The Company Chairman Non-Executive Director Monthly Directors’ Fee (a) Board RM18,000.00 RM12,000.00 (b) AC RM6,000.00 RM3,000.00 (c) Other Committees RM1,000.00 RM800.00 Meeting Allowances (a) Board RM2,250.00 RM2,250.00 (b) Board Committees RM1,500.00 RM1,500.00 Benefits Medical and hospitalisation Description Company’ Subsidiary Chairman Non-Executive Director (a) Dagang Net Technologies Sdn Bhd RM48,000.00 per annum RM24,000.00 per annum (b) SilTerra Malaysia Sdn Bhd RM72,000.00 per annum RM54,000.00 per annum (c) Ping Petroleum Limited USD30,000.00 per annum USD20,000.00 per annum (d) Innovation Associates Consulting Sdn Bhd RM60,000.00 per annum RM60,000.00 per annum The details of remuneration for the Directors and senior management of DNeX Group during the financial period ended 31 December 2023 are set out in the Corporate Governance Report. Integrated Report 2023 159
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