board of directors - Petron

Directors' Remuneration (Continued)An analysis of the aggregate Directors' remuneration paid by the Company for the year ended December 31,2001 as prescribed under Appendix 9C Part A Item 10(a) of the Listing Requirements of KLSE is set out below:FEES VALUE OF OTHER TOTAL(RM) REMUNERATION (RM) (RM)EXECUTIVE DIRECTORS 1,134,232 1,134,232NON-EXECUTIVE DIRECTORS 52,200 5,000 57,200An analysis of the number of Directors whose remuneration,paid by the Company, falls in successive bands ofRM50,000 as prescribed under Appendix 9C Part A Item 10(b) of the Listing Requirements of KLSE is set outbelow:Remuneration (RM) NUMBER OF NUMBER OF NON-EXECUTIVE DIRECTORS EXECUTIVE DIRECTORSLess than 50,000 1 * 350,001 - 100,000 3 *100,001 - 150,000150,001 - 200,000 2200,001 - 250,000250,001- 300,000300,001 - 350,000 1* Includes three Directors who resigned during the year ended December 31, 2001. Their remuneration was paidon a prorated basis.The Company has opted not to disclose each Director's remuneration as the Board considers the information tobe sensitive and proprietary.Dialogue between the Company and InvestorsThe Board values and encourages dialogue with the shareholders to establish better understanding of theCompany's objectives and performance. The Annual General Meeting provides an appropriate forum forshareholders to dialogue with the Board. Additionally, the Company has a Public Affairs Department, whichdeals with queries from investors and potential investors. The Company also holds open discussions withinvestors and analysts upon request. In this regard, the Company disseminates information in strict adherenceto the disclosure requirements of the Listing Requirements of the KLSE. Material information relating to theCompany is disclosed to the public by way of announcements to the KLSE, as required by the ListingRequirements of the KLSE.ANNUAL REPORT & ACCOUNTS 2001Annual General MeetingAt the Annual General Meeting, the Chairman of the Board presents the progress and performance of theCompany to the shareholders. A question and answer session is also conducted to allow shareholders theopportunity to question Management on the Company's business and on proposed resolutions. The Chairman,the Board members and the external auditors are available at the Annual General Meeting to respond to thequestions.Accountability and AuditIn announcing the quarterly, semi-annual and annual financial statements to the shareholders and the public,the Board has endeavored to present a balanced and understandable assessment of the Company's financialposition and prospects. The Board Audit Committee assists the Board by ensuring the accuracy and adequacyof the information announced.ESSO MALAYSIA BERHAD14