III. REMUNERATION (a) Establishment of Remuneration Committee The Remuneration Committee comprises the following members: Chairman : Tang Yuen Kin (Independent Non-Executive Director) Members : Dato9 Noor Rezan Binti Bapoo Hashim (Senior Independent Non-Executive Director) Datu Dr Rashidah Binti Bolhassan (Independent Non-Executive Director) All the members are Independent Non-Executive Directors. The full Terms of Reference setting out the Remuneration Committee9s composition, meeting proceedings, functions and reporting procedures can be viewed on the Company9s website, www.sasbadiholdings.com. A summary of activities carried out by the Remuneration Committee during the FYE 31 August 2024 is as follows: " Discussed and reviewed Directors9 fees for the FYE 31 August 2024 prior to recommending to the Board the tabling for shareholders9 approval of the said fees at the Eleventh AGM held on 30 January 2024; " Discussed and reviewed the Executive Directors9 remuneration; and " Reviewed the performance of the principal officers/key senior management of the Group for the FYE 31 August 2023. (b) Directors’/Key Management Personnel’s Remuneration The Remuneration Committee has put in place a Remuneration Framework and Policy with the objectives of creating a fair and transparent system for determining the appropriate levels of remuneration for both Executive and Non-Executive Directors, and to ensure that the levels of remuneration are sufficient to attract and retain persons having the right skills, experience, competence and expertise to serve as Executive and Non-Executive Directors in the Company. None of the Executive Directors, Non-Executive Directors and senior management personnel participates in determining his/her individual remuneration packages, which are reviewed annually. Details of aggregate remuneration received by the Directors from the Company and the Group for the FYE 31 August 2024 are as follows: Director Fees RM’000 Salaries RM’000 Employees’ Provident Fund RM’000 Estimated Value of Benefits-in- kind RM’000 Total RM’000 Datuk Dr Amin Bin Senin 10 3 3 3 10 Law King Hui 40 360 15 23 438 Lee Swee Hang 40 216 9 7 272 Law Yi Chian 40 108 14 4 166 Law En Ruey (Resigned on 31 October 2024) 34 214 27 4 279 Dato9 Noor Rezan Binti Bapoo Hashim 60 3 3 3 60 Dato9 Salleh Bin Mohd Husein 60 3 3 3 60 Tang Yuen Kin 60 3 3 3 60 Datu Dr Rashidah Binti Bolhassan 60 3 3 3 60 Total 404 898 65 38 1,405 Responsible Corpor-|; bঞ;mv_br Integrity & Honesty Accountable P-u|m;uv_br Excellence & Inno-ঞom 63 Corporate Governance Overview Statement (continued)
RkJQdWJsaXNoZXIy NDgzMzc=