Connecting the nation. and Beyond. - ChartNexus

104 / MRCB laporan tahunan 2011 /
statement on corporate governance
Table 4: Details of attendance of members at the Remuneration Committee meetings held from 1 January 2011 to 31 December 2011
name of remuneration committee members
Dates of committee Dato’ abdul Dato’ ahmad Dr roslan a che King tow Dato’ chong
meeting rahman ahmad Ibnihajar ghaffar pah aung
Independent Independent Independent Independent Independent
Director Director Director Director Director
(chairman) (member) (member) (member) (member)
2 Mar 2011 A A A Appointed on Appointed on
26 May 2011 21 Jun 2011
1 Aug 2011 A A Retired on 4 Apr 2011 A A
total 2/2 2/2 1/1 1/1 1/1
e employee share option scheme (esos) committee
The ESOS Committee was set up to ensure that the
implementation of the ESOS scheme was administered
fairly in accordance to the Company’s by-laws of the
ESOS approved by the Shareholders.
Table 5: Details of attendance of members at the ESOS Committee meetings held from 1 January 2011 to 31 December 2011
name of esos committee members
Date of committee Dato’ ahmad Dato’ shahril Datuk mohamed
meeting Ibnihajar ridza ridzuan razeek Hussain
Independent non-Independent chief executive
Director non- executive Director officer
(chairman) (member) (member)
26 May 2011 A A A
total 1/1 1/1 1/1
3. BoarD remUneratIon
a remuneration policy for Directors and senior
management
The remuneration of the CEO and designated senior
management personnel are based on the RC’s review
and assessment of the achievements and contribution
of each member measured against their respective Key
Performance Indicators. Recommendations are then
made by the RC for a decision by the Board on suitable
remuneration for each personnel.
Directors’ fees paid to Non-Executive Directors are
recommended by the Board for the approval of the
shareholders at the Company’s Annual General Meeting.
The ESOS Committee meets as and when required
and three (3) members form the quorum for a meeting.
During the year under review, one ESOS Committee
meeting was held to consider the allocation of Options to
employees of the Company during the year.
b Directors’ remuneration
Details of the Directors’ remuneration for financial year
ended 31 December 2011 are set out in Tables 6 and 7
below.
The total Directors’ remuneration for the financial year
ended 31 December 2011 is approximately RM2.5 million,
with the highest paid director being the CEO of the
Company.