Page 75 - S P Setia Annual Report 2016
P. 75

S P Setia Berhad Group                                 Our Business | Our Performance Review | Our Leadership and People   73
          Annual Report 2016                                        | Our Achievements and Accolades | Our Sustainability Statement
                                                                   | Our Governance | Our Financial Statements | Other Information




                                                                                Corporate Governance Statement


                       Other allowances payable to the Directors during FY2016 were as follows:

                                                                            Chairman of Board   Member of Board Committee
                        Description of Allowances                   Committee of the Company           of the Company

                        Monthly Fixed Allowance                                     RM2,000                  RM1,000
                        Meeting Allowance                                 RM1,000 per meeting      RM1,000 per meeting

                        Others

                        Allowance for membership on the board of directors of significant project/investment  RM5,000 per month
                   (iv)  Benefits-In-Kind

                       Other benefits (such as chauffeur, security services, travelling allowance and share based payments) are made available as
                       appropriate.

                       The shareholders of the Company approved the establishment of the Company’s LTIP at the Extraordinary General
                       Meeting held on 28 February 2013. The design of the LTIP was approved by the Board and the administration of the LTIP
                       in accordance with the By-Laws was delegated to the NRC. In 2016, the NRC approved the FY2016 grant of shares and
                       options to the eligible Executive Director and employees of the Group.
                   The details of the remuneration (excluding Goods and Services Tax) of each Director of the Company who served during FY2016
                   are as follows:-

                                                          Basic                           Other    Benefits-
                                                          Salary    Bonus        Fees  Emoluments   in-Kind      Total
                                                       (RM’000)   (RM’000)   (RM’000)   (RM’000)   (RM’000)  (RM’000)

                   Executive Director
                   1.  Dato’ Khor Chap Jen                2,630      1,670         -        456        726      5,482


                   Non-Executive Director
                   1.  Tan Sri Dato’ Seri Dr. Wan Mohd Zahid
                      Bin Mohd Noordin                        -         -        520         32          4        556
                   2.  Dato’ Halipah Binti Esa                -         -        120         58          -        178
                   3.  Dato’ Ahmad Pardas Bin Senin           -         -        120        151          -        271
                   4.  Dato’ Seri Ir. Hj. Mohd Noor Bin Yaacob  -       -        120         74          -        194
                   5.  Dato’ Zuraidah Binti Atan              -         -        120         12          -        132
                   6.  Tengku Dato’ Ab. Aziz Bin
                      Tengku Mahmud                           -         -        120         29          -        149
                   7.  Noraini binti Che Dan                  -         -        120         43          -        163
                   8.  Philip Tan Puay Koon                   -         -        120         66          -        186
                   9.  Dato’ Azmi bin Mohd Ali 1              -         -         99         17          -        116
                   10. Tun Dato’ Seri Zaki bin Tun Azmi 2     -         -         93         13          -        106
                   11.  Zainal Abidin bin Jamal 2             -         -         19          5          -        24

                   Notes:
                   1    appointed on 3 March 2016
                   2    resigned on 25 February 2016
                   Besides the Director’s Fees and allowances, the Company has arranged for Directors’ and Officers’ Liability Insurance to indemnify
                   the Directors and Officers of the Group against liability incurred by them during the discharge of their duties while in office. The
                   Directors are provided with medical, hospitalisation and travel insurance under the Group’s insurance policies.
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