KLInfra-AnnualReport2004 (1.1MB).pdf - Announcements - Bursa ...

2. DIRECTORS’ REMUNERATION
CORPORATE GOVERNANCE STATEMENT
KL Infrastructure Group Berhad (Company No. 425654-M) (Incorporated in Malaysia) and its subsidiaries
The Remuneration Committee was established on 26 June 2003 by the Board of Directors to assist the Board to review
the remuneration packages of the Executive Directors and furnish recommendations to the Board on specific
adjustments to commensurate with the respective contributions of the Executive Directors.
The Committee members comprise two (2) Non-Executive Directors and one (1) Executive Director as follows:-
Dato’ Haji Ahmad bin Haji Sa’adi (Chairman)
Wong Kim Fah @ Vong Kim Fah (Member)
Che Ibrahim bin Che Ismail (Member)
The Remuneration Committee is authorized by the Board to assess and review from time to time the remuneration
packages of the Executive Directors in all forms and also to review Directors’ fees of the Company. The determination of
the remuneration of the Non-Executive Directors is a matter for the Board as a whole. Decisions and recommendations
of the Remuneration Committee shall be reported back to the Board for ratification and where required by the rules and
regulations governing the Company, for approval of shareholders in general meeting.
The details of the total remuneration for the Directors of the Company during the financial year ended 30 April 2004
are as follows:-
Basic Salaries Fees Other Total
& EPF (RM’000) (RM’000) Benefits (RM’000) (RM’000)
Executive Directors 1,008 - 18 1,026
Non-Executive Directors - 160 15 175
1,008 160 33 1,201
The number of Directors of the Company whose total remuneration during the year fall within the following bands are
as follows:-
Number of Directors
2004 2003
Executive
RM100,001 – RM150,000 1 1
RM300,001 – RM350,000 - 1
RM400,001 – RM450,000 1 1
RM450,001 – RM500,000 1 -
Non-Executive
Below RM50,000 3 -
RM150,001 – RM200,000 1 -
Remuneration of each member of the Board of Directors is not shown in detail individually as the Board is of the view that
disclosure of the remuneration bands of the Directors of the Company is sufficient to meet the objectives of the Code.
3. COMMUNICATION WITH SHAREHOLDERS AND INVESTORS
The Board recognises the importance of maintaining effective communication with its shareholders to ensure that
shareholders and investors are well informed of major developments of the Company. Information is disseminated to
shareholders and investors through various disclosures and announcements made to the Bursa Securities which includes
the quarterly financial results, as well as through Annual Reports and where appropriate, circulars and press releases.
The main forum for dialogue with shareholders is during the AGM. The Company encourages its shareholders to attend
the AGM as it serves as the principal forum for shareholders to meet and exchange views with Board members. At each
AGM, the Board allocates a question and answer session, whereby shareholders have the opportunity to raise questions,
voice their opinions and seek clarification on the business and performance of the Group. Directors are available to
respond to shareholders’ questions during the meeting.
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