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Remuneration Committee (RC) (CONTINUED)
A summary of the remuneration of the Directors for the financial year ended 31 August 2002,
distinguishing between executive and non-executive Directors in aggregate, with categorization
into appropriate components and the number of Directors whose remuneration falls into each
successive band of RM50,000 are set out below:
Executive Non-Executive
Directors Directors Total
Fees (RM) - 120,000 120,000
Salary (RM) 1,328,645 - 1,328,645
EPF (RM) 320,669 - 320,669
Bonus (RM) 257,699 - 257,699
Benefit in kind 172,997 4,987 177,984
Other Emoluments (RM) 25,000 32,700 57,700
Total (RM) 2,105,010 157,687 2,262,697
Directors’ Remuneration
Executive Non-Executive
Directors Directors Total
0 - RM50,000 4 4
RM50,001 - RM100,000
RM100,001 - RM150,000
RM150,001 - RM200,000
RM200,001 - RM250,000
RM250,000 - RM300,000
RM300,001 - RM350,000
RM350,001 - RM400,000
RM400,001 - RM450,000 1 1
RM450,001 - RM500,000 1 1
RM550,001 - RM600,000 1 1
RM600,001 - RM650,000
RM650,001 - RM700,000 1 1
Audit Committee
The Audit Committee Report is set out on pages 47 of this Annual Report.
3. INVESTOR RELATIONS
As a public listed company responsible to its shareholders, MRCB acknowledges the need for
transparency and disclosure in its business dealings.
Various corporate announcements are made during the year and this includes timely release of
the quarterly financial results. In addition, corporate announcements, events and developments
are issued to the media via press releases and/or by holding press conferences after general
meetings or corporate events. These provide shareholders and the investing public with an
overview of the Group’s performance and operations.
The Company regards the AGM as the forum to communicate with its shareholders. The
Board at each AGM via the Annual Report presents the Company’s and the Group’s progress
and performance. Shareholders are then given the opportunity to ask questions or seek
clarification on the business and performance of the Company and the Group.
Laporan Tahunan 2002 Annual Report
STATEMENT OF CORPORATE GOVERNANCE (CONTINUED)
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