CORPORATE GOVERNANCE OVERVIEW STATEMENT (continued) III. REMUNERATION (a) Establishment of Remuneration Committee The Remuneration Committee comprises the following members: Chairman : Tang Yuen Kin (Independent Non-Executive Director) Members : Dato’ Salleh Bin Mohd Husein (Independent Non-Executive Chairman) Dato’ Noor Rezan Binti Bapoo Hashim (Senior Independent Non-Executive Director) All the members are Independent Non-Executive Directors. The full Terms of Reference setting out the Remuneration Committee’s composition, meeting proceedings, functions and reporting procedures can be viewed on the Company’s website, www.sasbadiholdings.com. A summary of activities carried out by the Remuneration Committee during the FYE 31 August 2022 is as follows: • Discussed and reviewed Directors’ fees for the FYE 31 August 2022 prior to recommending to the Board the tabling for shareholders’ approval of the said fees at the Ninth AGM held on 16 February 2022; • Discussed and reviewed the Executive Directors’ remuneration; • Reviewed the employees’ unutilised annual leave; and • Reviewed the performance of the principal officers/key senior management of the Group for the FYE 31 August 2021. (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 None of the Executive Directors, NonExecutive 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 2022 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 Dato’ Salleh Bin Mohd Husein 40 – – – 40 Law King Hui 40 333 14 35 422 Lee Swee Hang 40 200 8 7 255 Law Yi Chian 40 200 25 17 282 Dato’ Noor Rezan Binti Bapoo Hashim 40 – – – 40 Tang Yuen Kin 40 – – – 40 Total 240 733 47 59 1,079 47 ANNUAL REPORT 2022
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