3. DIRECTORS’ FEES AND BENEFITS Ordinary Resolutions 5 and 6 – Payment of Directors’ Fees, allowances and benefits to the Non-Executive Directors. The proposed fees and benefits to be paid to Non-Executive Directors from this AGM to the next AGM of the Company is based on the following fee structure which has not changed since 40th AGM. A. Retainer and Sitting Fees Total Amount (per annum) (RM) BOARD BRC BAEC BNRC BFRC BITC BSSC Chairman 240,000.00 90,000.00 48,000.00 18,000.00 24,000.00 24,000.00 24,000.00 Member 72,000.00 72,000.00 36,000.00 12,000.00 18,000.00 18,000.00 18,000.00 Sitting Fee (per meeting) (RM) Chairman Member 5,000.00 3,000.00 B. Benefits The benefits payable to Non-Executive Directors comprise allowances, benefits-in-kind and other emoluments payable to them, details of which are as follows:- I) Car Allowance – Chairman – RM10,000 per month II) Senior Independent Allowance – RM2,000 per month III) Other Benefits Includes benefits that are claimable or otherwise such as leave passage, medical and insurance benefits and other facilities made available by the Company to eligible Non-Executive Directors. For the shareholders’ ease of reference, the details on the fees and benefits to be paid to the Non-Executive Directors are as follows:- 1. Retainer Fees RM1,767,360.00 2. Sitting Allowances RM1,338,120.00 3. Other Benefits RM1,108,856.00 Total RM4,214,336.00 Based on the above computation, the total fees and benefits will be RM4,214,336.00, an increase of 5.07% from the amount approved by the shareholder of RM4,011,000.00 at the 40th AGM on 26 May 2023. There is no change in the directors’ fees. The increase is mainly attributed to higher SST rate of 8% and higher contribution amount to be paid for the Group Term Family Takaful Plan for the Non-Executive Directors. The Company viewed that the amount proposed is reasonable taking into consideration the Company’s financial health and performance. If the proposed Ordinary Resolutions 5 and 6 are passed at the 41st AGM of the Company, it will be fair and reasonable that the Non-Executive Directors to be paid the Directors’ remuneration on a monthly basis and/or as and when claimed or incurred as the Directors have discharged their responsibilities and rendered their services to the Company throughout the relevant period. 493 1 2 3 4 5 6 7 8 9 www.bankislam.com ADDITIONAL INFORMATION
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