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Corporate Governance
Overview Statement
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 Nomination and Remuneration Committee 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 Nomination and Remuneration Committee which is available on the Company’s website.
The aggregate amount of remuneration paid to the Directors for FYE2020 is set out below:
Executive
Director
Non-Executive Directors
Dato’
Roslan
bin Hamir
Dato’ Idris
bin
Kechot
Azizan bin
Mohd Noor
Rozana Zeti
binti Basir
Dato’
Rosman
bin Abdullah
Datuk Anuar
bin Ahmad
Rozilawati
binti
Haji Basir
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
Company
Directors fees
-
77
75
68
68
60
60
Meeting allowance
-
12
24
22
24
18
14
Salaries
513
-
-
-
-
-
-
Bonus
372
-
-
-
-
-
-
Benefits in kind
2
-
40
-
86
-
-
Others
169
-
-
-
-
-
-
TOTAL
1,056
89
139
90
178
78
74
Subsidiaries
Directors fees
-
-
18
-
-
-
-
Meeting allowance
-
-
2
-
-
-
-
Salaries
770
-
-
-
-
-
-
Bonus
557
-
-
-
-
-
-
Benefits in kind
85
-
-
-
-
-
-
Others
254
-
-
-
-
-
-
TOTAL
1,666
-
20
-
-
-
-
In addition to directors’ fees, additional fees are paid to the Chair and members for work carried out by Directors on
various Board Committees to reflect the additional time involved and responsibilities of these positions.
The Company will be requesting shareholders’ approval for the payment of Non-Executive Directors’ fees and benefits-
in-kind for the ensuing financial year and the period commencing from the conclusion of the forthcoming AGM until the
conclusion of the next AGM of the Company in year 2021, respectively. The Company will also be seeking shareholders’
approval on the increase in fees payable to members of the Audit and Risk Committee (excluding the Committee Chairman)
from 1 April 2020 until the conclusion of the next AGM of the Company. The justifications on the Directors’ fees and benefits
including the increase in Audit and Risk Committee members’ fees are set out in the Notice of the 48
th
AGM.
Annual Report 2020
kumpulan Fima Berhad
(197201000167)(11817-V)
100