(iii) Pricing Committee The Pricing Committee shall comprise not fewer than five (5) members, majority of whom shall be Independent Non-Executive Directors and a minimum of two (2) Non-Executive Directors. As at the date of this Statement, the composition of the Pricing Committee is as follows:- Name Position Designation Encik Mohd Najib Bin Abdul Aziz Chairman Independent Non-Executive Director Mr Dion Tan Yong Chien Member Group MD Mr Jared Ang Tzer Shen Member Group Executive Director Datuk Wira Lye Ek Seang Member Independent Non-Executive Director Ms Alice Dora Boucher Member Independent Non-Executive Director The principal objective of the Pricing Committee is to approve the minimum/net selling prices of the new launches of properties to be developed by the Group to ensure that the prices set are market driven. (iv) Investment Committee The Investment Committee shall comprise not fewer than five (5) members, with at least two (2) Independent Non-Executive Directors. As at the date of this Statement, the composition of the Investment Committee is as follows:- Name Position Designation Datuk Wira Lye Ek Seang Chairman Independent Non-Executive Director Mr Lee Han Ming Member Group CEO Mr Dion Tan Yong Chien Member Group MD Encik Mohd Najib Bin Abdul Aziz Member Independent Non-Executive Director Datuk Siw Chun A/P Eam (Appointed w.e.f. 30 November 2021) Member Independent Non-Executive Director The principal objectives of the Investment Committee are to enhance the shareholders’ value and to protect the stakeholders’ interests as well as to ensure the continued growth and success of the Company. The Investment Committee reviews the proposed transactions or proposed investments with a view to strategically allocate the Group’s financial resources efficiently and to eliminate or minimise the risk of oversight in investment decisions. V. Board Meeting and Meetings Attendance The Board meets at least once every quarter on a scheduled basis and additional meetings will be convened as and when deemed necessary by the Board. The quarterly Board meetings are scheduled in advance at the commencement of the financial year to allow the Directors to plan their appointments ahead and to facilitate full attendance at Board meetings. All proceedings, deliberations and conclusions of Board meetings are minuted by the Company Secretary and are confirmed by the Board members at the next Board meeting and subsequently signed by the Chairman as the correct record of proceedings of the meeting, or signed by the Chairman of the meeting at which the proceedings were held. A total of five (5) Board meetings were held during FY2021 and the attendances of each Board member are set out as below:- Director Designation Attendance of Board Meetings Tan Sri Dato’ Sri Mohamad Fuzi Bin Harun* Independent Non-Executive Chairman 5/5 Tan Sri Dato’ Tan Chee Sing Group Executive Vice Chairman 5/5 Mr Lee Han Ming (Appointed w.e.f. 4 February 2021) Group CEO 5/5@ Mr Dion Tan Yong Chien Group MD 5/5 Mr Jared Ang Tzer Shen Group Executive Director 5/5 Dato’ Dickson Tan Yong Loong (Appointed w.e.f. 17 November 2021) Group Non-Independent Non-Executive Director 1/1@ Dato’ Dr. Teo Tong Kooi (Appointed w.e.f. 25 March 2021)** Senior Independent Non-Executive Director 2/3@ Encik Mohd Najib Bin Abdul Aziz Independent Non-Executive Director 5/5 Datuk Wira Lye Ek Seang Independent Non-Executive Director 5/5 Ms Alice Dora Boucher Independent Non-Executive Director 5/5 Madam Vivienne Cheng Chi Fan Independent Non-Executive Director 5/5 Datuk Siw Chun A/P Eam (Appointed w.e.f. 4 February 2021) Independent Non-Executive Director 5/5@ Directors’ Remuneration The details of remuneration of the Directors of the Company comprising remuneration received/receivable from the Company and its subsidiaries during FY2021 are as follows: No Name Directorate Company (RM’000) Group (RM’000) 1 Tan Sri Dato’ Sri Mohamad Fuzi Bin Harun Independent Director 165 7 – – – – 172 165 7 – – – – 172 2 Tan Sri Dato’ Tan Chee Sing Executive Director – – 4,356 1,320 – 228 5,904 – 1,500 9,636 2,920 – 565 14,621 3 Mr Lee Han Ming Executive Director – 11 1,481 233 – 208 1,933 – 24 1,632 465 – 256 2,377 4 Mr Dion Tan Yong Chien Executive Director – 60 1,311 447 – 219 2,037 – 60 1,311 447 – 219 2,037 5 Mr Jared Ang Tzer Shen Executive Director – – 887 177 – 129 1,193 – – 887 177 – 129 1,193 6 Dato’ Dickson Tan Yong Loong Non-Executive Non-Independent Director 18 1 – 223* – 29 271 18 420** – 223* – 91 752 7 Dato’ Dr Teo Tong Kooi Independent Director 135 5 – – – – 140 135 5 – – – – 140 8 Encik Mohd Najib Bin Abdul Aziz Independent Director 207 19 – – – – 226 207 19 – – – – 226 9 Datuk Wira Lye Ek Seang Independent Director 178 15 – – – – 193 178 15 – – – – 193 10 Ms Alice Dora Boucher Independent Director 193 12 – – – – 205 193 12 – – – – 205 11 Madam Vivienne Cheng Chi Fan Independent Director 183 9 – – – – 192 183 9 – – – – 192 12 Datuk Siw Chun A/P Eam Independent Director 149 10 – – – – 159 149 10 – – – – 159 13 Dato’ Sri Badrul Hisham Bin Abdul Aziz Independent Director 97 3 – – – – 100 97 3 – – – – 100 14 Tan Sri Dr Lim Wee Chai (Resigned w.e.f. 11 January 2022) Non-Executive Non-Independent Director 241 5 – – – – 246 241 5 – – – – 246 15 Datuk Michael Tang Vee Mun (Resigned w.e.f. 17 November 2021) Independent Director 179 17 – – – – 196 179 17 – – – – 196 16 Encik Hafez Mohd Hashim Bin Razman Md Hashim (Resigned w.e.f. 4 February 2021) Independent Director 19 1 – – – – 20 84** 1 – – – – 85 Note: * Bonus as Deputy Group CEO in FY2020 and received in FY 2021. ** Comprises sums received from other subsidiary(ies) within the Group. Other emoluments Other emoluments Total Total Benefit-in-kind Benefit-in-kind Bonus Bonus Salary Salary Allowance Allowance Fee Fee OVERVIEW STATEMENT CORPORATE GOVERNANCE Annual Report 2021 TROPICANA CORPORATION BERHAD GOVERNANCE 176 177
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