2018 UEM Edgenta Annual Report

A3. REMUNERATION The Directors’ remuneration is reviewed from time to time and is determined at levels which enable UEM Edgenta Group to attract and retain Directors with the relevant experience and expertise needed to manage the Group effectively. The Managing Director/Chief Executive Officer is subject to a 3-year service contract with the Company. He is not paid an attendance allowance nor Directors’ fees. His remuneration is structured so as to link rewards to corporate and individual performance. Performance is measured against specified targets by reference to the Group’s Annual Business Plan. The reward process also takes into account relevant market comparisons and competitive pressures in the industry. 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 are as follows. Details of the quantum of the individual directors’ remuneration on named basis are as set out in the CG Report under Practice 7.1. Directors’ Fees Proposed Directors’ Fee per annum (RM) Chairman Member Board 210,000 108,000 Audit and Risk Committee 50,000 30,000 Other Board Committees 25,000 15,000 The current benefits payable and accorded to the Directors are:- No. Description Directors’ benefits (a) Allowance will be paid to Directors for the following: (i) Attending meetings with Government representatives on behalf of the Company; or (ii) Handling operational issues such as site visits to advise operating companies. RM1,000 per day (b) Meeting allowance for ad-hoc or temporary Board Committees established for specific purposes. (i) Chairman of Committee – RM2,000 per meeting (ii) Member of Committee – RM1,000 per meeting (c) Car allowance for Chairman of UEM Edgenta RM3,400 per month (d) Medical benefits for Board members Where a Director sits on several boards within the UEM Group of Companies, he will only be entitled to claimmedical benefits from one (1) company only. (i) Medical coverage of RM7,000.00 per annum, inclusive of outpatient, clinical, specialist and dental; and (ii) Hospitalisation of RM100,000.00 per annum including room and board at RM500.00 per day. (e) Training and Development of Directors A training budget is allocated for Directors to attend relevant training programmes and seminars to enhance their knowledge and skills in discharging their duties. Financial Review Stakeholder Information AGM Information 115 Governance Review of Sustainability Activities