Section 7 UEM Edgenta Berhad GOVERNANCE 226 CORPORATE GOVERNANCE OVERVIEW STATEMENT REMUNERATION The Board, through the NRC, is tasked with establishing and periodically reviewing the remuneration policies and procedures to attract and retain Directors and Senior Management. Remuneration for Directors The Directors’ remuneration is reviewed periodically to ensure it is set at levels that enables UEM Edgenta Group to attract and retain Directors with the relevant experience and expertise needed to manage the Group effectively. The Company has its own Remuneration Policy for Non-Executive Directors, aimed at strengthening the Company’s commitment to attracting and retaining talented and well qualified candidates while being financially cautious. For transparency purposes, the Remuneration Policy is published on the Company’s website at www.uemedgenta.com. Non-Executive Directors are paid a fixed base fee on a quarterly basis. With the recommendation from the NRC, the Board as a whole determines the remuneration for Non-Executive Director, with Directors concerned abstaining from deliberation or voting on decision in respect of their remuneration. The aggregate amount of Directors’ fee to be paid to Non-Executive Directors is subject to the approval of the shareholders at general meeting. The Directors Remuneration Framework is as below. For the financial year 2023, the NRC and Board has benchmarked the current Non-Executive Directors’ fees and benefits against the Board and Senior Management Remuneration Practices in Malaysia issued by Bursa Malaysia on 6 December 2022 before recommendation for tabling at the annual general meeting held on 15 June 2023. The remuneration breakdown of individual Directors which includes fees, salary, bonus, benefit in-kind and other emoluments are as set out in the CG Report under Practice 8.1. Directors’ Fees Proposed Directors’ Fee per annum (RM) Chairman Member Board 210,000 108,000 Audit Committee 50,000 30,000 Other Board Committees 25,000 15,000
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