Annual Report 2012, PDF - Axiata Group Berhad - Investor Relations

Axiata Group Berhad (242188-H) Annual Report 2012Non-Executive DirectorsNEDs’ remuneration generally reflects the experience, expertise and level of responsibilities undertaken by the NEDsconcerned. NEDs are entitled to monthly fees, meeting allowances and reimbursement of expenses incurred in thecourse of their duty as Directors as well as benefits-in-kind. NEDs are not entitled to participate in share options.Remuneration of all Directors is decided by the Board collectively following a recommendation by the BRC. IndividualDirectors do not participate in decisions regarding their own remuneration packages.Details of NEDs remuneration on monthly fees and meeting allowances is provided below:-Monthly FeesChairmanNED– RM30,000.00 per month– RM20,000.00 per monthMeeting AllowancesBoardBACBNC, BRC and Other Board CommitteesSSC– RM3,000.00 per meeting (Chairman)RM2,000.00 per meeting– RM3,000.00 per meeting (Chairman)RM2,000.00 per meeting– RM1,500.00 per meeting (Chairman)RM1,000.00 per meeting– RM750.00 per meeting (Chairman)RM500.00 per meetingMeeting Allowances are payable on a per meeting basis notwithstanding any adjournment of meeting.In FY12, the Board withdrew the resolution to approve the pre-determination of the amount of fees for FY12 andeach subsequent year from being tabled for the shareholders’ approval at the 20th AGM. The decision on thewithdrawal of the above resolution was made after taking into consideration feedback received from shareholdersand/or stakeholders. Notwithstanding the withdrawal, the Board clarified that it was not the intention of the Boardto prevent the shareholders from deliberating on the amount of fees payable to the NEDs and the proposal wasproposed to improve the administration of business at the Company’s annual general meeting as the quantum of theNEDs fees is relatively small in the context of the Company’s business.Consistent with the above, the Board does not have any intention to increase the above remuneration during theFY13.85