CORPORATE GOVERNANCE STATEMENT
(CONT’D)
Remuneration policies and procedures
The Remuneration Committee which consists mainly of Non-Executive Directors recommends the remuneration
for the Executive Directors. The determination of the remuneration of the Non-Executive Directors is a matter
for the Board as a whole. Individual Directors abstain from deliberations and voting on the decision in respect
of their own remuneration.
The Board recognises that the remuneration package should be sufficient to attract, retain and motivate Directors
of calibre needed to run the Group successfully. The remuneration of Directors is generally based on market
conditions, responsibilities held and the Group’s overall financial performance. Decisions and recommendations
of the Committee are reported back to the Board for approval and where required by the rules and regulations
governing the Company, for approval of shareholders at the Annual General Meeting.
Currently, the Remuneration Committee members are Mr. Loh Nam Hooi (Chairman), Mr. Tan Boon Teik and
Mr. Leng Kean Yong.
The Remuneration Committee has met once during the financial year.
Directors’ Remuneration
The details of the Directors’ remuneration for the financial year ended 31 December 2014 are as follows:-
Type of remuneration
Aggregate remuneration
(in RM) paid / payable to
Executive
Directors
Non-Executive
Directors
Directors’ Fees
34,000
174,000
Other Emoluments:
- Salaries, bonus, allowances & perquisite
1,597,933
9,500
- Contribution by employer to Provident Fund
191,783
-
- Benefits-in-kind (based on estimated money value)
19,500
-
Total
1,843,216
183,500
The analysis on Directors’ remuneration by remuneration band is as follows:
Remuneration Band (in RM)
No. of Recipient/s
Executive
Directors
Non-Executive
Directors
50,000 and below
-
6
300,000 to 350,000
1
700,000 to 750,000
1
-
800,000 to 850,000
1
Total
3
6
•
Pentamaster Corporation Berhad
(572307-U)
Annual Report 2014
15
