Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

Statement of Corporate Governance
The Company has four (4) principal Board Committees:
(a) Nomination and Remuneration Committee (“NRC”)
The NRC is responsible for:
Membership to the Board of Directors and Board Committees:
• Determining criteria for Board membership and annual review of the effectiveness and effi ciency of the Board
and its Committees.
• Evaluating and proposing new appointments to the Board.
• Establishing a succession plan at the Board-level and a framework for appointment, development and
succession for Senior Management of the Group.
• Recommending appropriate training for Directors.
• Ensuring investments of minority shareholders are fairly refl ected on the Board.
Remuneration of Directors, Board Committees and Senior Management:
• Recommending a policy and framework for performance evaluation and remuneration of the Directors, both
non-executive and executive, and for Senior Management of the Group.
• Evaluating performance procedures and ensuring remuneration packages are competitive and realistic, with
an emphasis on performance.
• Ensuring performance targets are consistent with the interests of the shareholders and to maintain an
appropriate balance between long and short term goals.
The NRC meets at least once a year. Four (4) of the six (6) Directors on this Committee are Independent Non-
Executive Directors. The members of the NRC together with their attendance at Committee meetings in 2011 are as
follows:
Name of Director Attendance at Meetings (2011)
Y A M Tan Sri Dato’ Seri Syed Anwar Jamalullail 6 / 6 (100%)
(Independent, Non-Executive)
- Chairman of NRC
Dato Sri Mahmud Abu Bekir Taib 6 / 6 (100%)
(Non-Independent, Non-Executive)
Datuk Syed Ahmad Alwee Alsree 4 / 6 (67%)
(Executive)
General (R) Tan Sri Mohd Zahidi Zainuddin 6 / 6 (100%)
(Independent, Non-Executive)
Datuk Wan Ali Tuanku Yubi 4 / 6 (67%)
(Independent, Non-Executive)
Datu Michael Ting 6 / 6 (100%)
(Independent, Non-Executive)
Annual Report 2011 53