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STATEMENT ON
CORPORATE GOVERNANCE (CoNT’D)
SECTION 2: DIRECTORS’ REmuNERATION
Masterskill Education Group Berhad / Annual Report 2012
29
The Company’s remuneration policy for Directors is formulated to attract and retain individuals of the necessary calibre relevant to
the achievement of the Company’s strategic achievements. The remuneration is structured to link experience, expertise and level of
responsibility undertakings by the Directors.
The Remuneration Committee is entrusted with the responsibilities to make recommendations to the Board the remuneration
package for the Executive Director and the annual review of the overall remuneration policy for the Directors in the Group. Directors’
remuneration will be decided by the Board as a whole with the Director concerned abstaining from deliberation and voting on
decisions in respect of his individual remuneration. Directors’ fees payable to Non-Executive Directors is proposed by the Board and
is subject to shareholders’ approval at the annual general meeting.
The details of the remuneration of Directors of the Company during the financial year ended 31 December 2012 are as follows:
Aggregate Remuneration categorized into appropriate components:
Fees (Rm’000)
Salaries and
Allowances,
inclusive of EpF
contributions
(Rm’000) Bonus (Rm’000)
Benefits-in-kind
(Rm’000) Total (Rm’000)
Executive Director – 3,865 1,575 32 5,472
Non-Executive Directors 203 185 – – 388
Total 203 4,050 1,575 32 5,860
Note: The fees are recommended by the Board of Directors for approval of the shareholders at the Annual General Meeting.
Remuneration Bands
Range of Remuneration Executive Director
Non-Executive
Directors Total
Below RM50,000 – 4 4
RM50,001 – RM100,000 – – –
RM100,001 – RM150,000 – 1 1
RM150,001 – RM200,000
–
1
1
RM200,001 – RM5,450,000
–
–
–
RM5,450,000 – RM5,500,000 1 – 1
Total 1 6 7
For security and confidential reasons, the details of individual Directors’ remuneration are not shown. The Board is of the opinion
that the transparency and accountability aspects of corporate governance as applicable to Directors’ remuneration are appropriately
served by the disclosure made above.