The Non Executive Directors fees are tabled at the Companys AGM for approval 7

The non executive directors fees are tabled at the

This preview shows page 32 - 36 out of 156 pages.

fair and able to attract and retain talent who can add value to the Group. The Non- Executive Directors’ fees are tabled at the Company’s AGM for approval. 7. Remuneration of Directors and Senior Management 7.1 Detailed Disclosure of Directors’ Remuneration The details of the Director s’ remuneration comprising remuneration received from the Company and its subsidiaries in the financial year ended 31 December 2018 are as follows: COMPANY RM’000 Fees Allowances (inclusive of defined contribution plan) Benefits- In-Kind Total Executive Director Chan Poh Kim - - 23 23 Non-Executive Directors Pandjijono Adijanto @ Tan Hong Phang Mariana Adijanto @ Tan Phwe Leng Foo Chow Luh Wong Yoke Kong Chong Chee Fire 126 64 73 73 73 2.5 2.0 2.5 2.5 2.5 - - - - - 128.5 66.0 75.5 75.5 75.5 Total 409 12 23 444
Image of page 32
Harrisons Holdings (Malaysia) Berhad - Annual Report 2018 33 CORPORATE GOVERNANCE OVERVIEW STATEMENT (CONTINUED) GROUP RM’000 Salary (inclusive of defined contribution plan) Fees Bonus (inclusive of defined contribution plan) Allowances Benefits- In-Kind Total Executive Director Chan Poh Kim 1,266 - 1,086 - 86 2,438 Non-Executive Directors Pandjijono Adijanto @ Tan Hong Phang Mariana Adijanto @ Tan Phwe Leng Foo Chow Luh Wong Yoke Kong Chong Chee Fire - - - - - 126 64 73 73 73 - - - - - 2.5 2.0 2.5 2.5 2.5 - - - - - 128.5 66.0 75.5 75.5 75.5 Total 1,266 409 1,086 12 86 2,859 The number of Directors whose total remuneration falls within the following bands are as follows: Remuneration Range (RM) Number of Directors Executive Director Between 2,400,001 2,450,000 Non-Executive Directors Between 50,001 100,000 Between 100,001 150,000 1 4 1
Image of page 33
Harrisons Holdings (Malaysia) Berhad - Annual Report 2018 34 CORPORATE GOVERNANCE OVERVIEW STATEMENT (CONTINUED) The details of the aggregate remuneration of the top (5) Senior Management staff of the Company (comprising remuneration received and/or receivable from the Company and its subsidiaries) during the FYE 2018 are categorized as follows : Senior Management Staff Category Group ( RM’000) Company (RM’000) Salaries and bonuses 1 Benefits-in-kind 2 4,775 173 - 40 Total 4,948 40 Notes : 1. Salaries and bonuses comprised basic salary, bonus, allowance, EPF and SOCSO. 2. Benefits-in-kind comprised provision of company motor vehicle, petrol and accommodation. The number of Senior Management staff whose total remuneration falls within the following bands are as follows: Remuneration Range (RM) Number of Senior Management staff Between 350,001 to 400,000 Between 600,001 to 650,000 Between 650,001 to 700,000 Between 800,000 to 850,000 Between 2,400,001 to 2,450,000 1 1 1 1 1 The Board has chosen to disclose the Senior Management staff’s remuneration in bands instead of named basis as the Board was of the view that it would not be in its interest to make such detailed disclosure because of the competitive nature of the human resource market and to support the Group’s efforts to attract and retain executives.
Image of page 34
Harrisons Holdings (Malaysia) Berhad - Annual Report 2018 35 CORPORATE GOVERNANCE OVERVIEW STATEMENT (CONTINUED) Principle B : Effective Audit and Risk Management Part I Audit Committee 8. Audit Committee The Board strives to provide true, fair and comprehensive financial reporting of the Group’s
Image of page 35
Image of page 36

You've reached the end of your free preview.

Want to read all 156 pages?

  • Spring '15
  • student
  • harrisons holdings

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes