tomypak holdings berhad annual report 2012 - Announcements ...

Corporate Governance Statement (Cont’d)
Remuneration Committee
The Remuneration Committee was established on 2 August 2001 and takes the overall responsibility of reviewing
the remuneration packages of the Managing Director, directors and senior executives of the Group.
The members of the Remuneration Committee during the year were:-
Chairman
Tan Sri Dato’ Seri Arshad Bin Ayub (Chairman, Independent Non-Executive Director)
Members
Mr. Chow Yuen Liong (Non-Independent Executive Director)
Mr. Chin Cheong Kee @ Chin Song Kee (Independent Non-Executive Director)
(appointed on 22 February 2013)
Tan Sri Dato’ Mohd Zuki Bin Kamaluddin (Independent Non-Executive Director)
(demised on 17 March 2013)
The Committee consists majority of independent non-executive directors.
The terms of reference and activities of the Committee are set out below:
Terms of Reference
The functions of the Committee shall be as follows:
(i) to determine and agree with the Board the framework or broad policy for the remuneration of the Group’s
Managing Director, executive and non-executive directors and other senior executives of the Group;
(ii) to determine and recommend to the Board any performance related pay schemes for the Group;
(iii) to determine the policy and scope of service agreements for the executives and non-executives, termination
payments and compensation commitments;
(iv) to oversee any major changes in employee remuneration and benefit structures throughout the Group; and
(v) to recommend to the Board the appointment of the services of advisers or consultants as it deems necessary
to fulfill its responsibilities.
During the year under review, the main activities of the Remuneration Committee included:
i) review and determine the broad policy for the remuneration of Group’s Managing Director, executive and
non-executive directors and other senior executives of the Group; and
ii) review and determine the policy and scope of service agreements and major changes in employee remuneration.
TOMYPAK HOLDINGS BERHAD
ANNUAL REPORT 2012 pg 27
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