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III. REMUNERATION
The Board believes that the existing remuneration structure is appropriate for the requirements of the Company,
taking into account factors such as effort and time spent as well as responsibilities of the Directors.
The Board has established guidelines for the NRC and the Board in determining the level of remuneration for
Executive Director and Non-Executive Directors. The guidelines have been defined in the Terms of Reference of
the NRC which is available on the Company’s website.
The aggregate amount of remuneration paid to the Directors for FYE2019 is set out below:
Executive
Director
Non-Executive Directors
Dato’
Roslan
bin Hamir
Azizan bin
Mohd
Noor
Rozana
Zeti binti
Basir
Dato’
Rosman
bin Abdullah
Rozilawati
binti Haji
Basir
RM’000
Company
Director’s fees
N/A
75
68
68
60
Meeting allowance
N/A
28
22
28
14
Salaries
496
-
-
-
-
Bonus
354
-
-
-
-
Benefits in kind
26
45
-
52
-
Pension costs - defined
contribution plan
162
-
-
-
-
TOTAL
1,038
148
90
148
74
Subsidiaries
Director’s fees
N/A
18
-
-
-
Meeting allowance
N/A
2
-
-
-
Salaries
743
-
-
-
-
Bonus
531
-
-
-
-
Benefits in kind
74
-
-
-
-
Pension costs - defined
contribution plan
244
-
-
-
-
TOTAL
1,592
20
-
-
-
PRINCIPLE B: EFFECTIVE AUDIT AND RISK MANAGEMENT
I.
AUDIT AND RISK COMMITTEE
The Committee which has been renamed as Audit and Risk Committee on 30 May 2019, is an important element
of the governance structure. It is composed of four (4) members of which three (3) members are Independent
Non-Executive Directors. The Committee is chaired by Encik Azizan bin Mohd Noor and the members are Dato’
Rosman bin Abdullah, Puan Rozana Zeti binti Basir and Datuk Anuar bin Ahmad (who was appointed on 26
June 2019). The experience and qualifications of members of the Committee are disclosed in the Our Board of
Directors section of this Annual Report. The Committee has a written Terms of Reference which is available on
the ‘Investors’ section of the Company’s website.
Kumpulan Fima Berhad
(11817-V)
Annual Report 2019
78