14
Principle 2 - Strengthen Composition of the Board (CONT’D)
2.3 Remuneration Policies
The Remuneration framework for Executive Chairman, Managing Director and Executive Directors has an underlying
objective of attracting and retaining Executive Directors needed to run the Group successfully. The remuneration of
the Executive Chairman, Managing Director and Executive Directors consists of basic salary, other emoluments and
benefits customary to the Group are made available as appropriate. Any salary and bonus review takes into account the
performance of the individual and the Group.
The Non-Executive Directors’ remuneration comprises annual fees that reflect their expected roles and responsibilities.
The Company has obtained approval from the shareholders at the last AGM held on 26 June 2013 to pay the Directors
Fees to the Non-Executive Directors for the financial year ended 31 December 2012.
The Remuneration Committee (“RC”) comprises two (2) Non-Executive Directors, who are Independent Directors and
one (1) Executive Director. The members of the RC are as follows:
1. Dr. Choong Tuck Yew
Chairman, Independent Non-Executive Director
2. Dato’ Ismail bin Hamzah
Member, Independent Non-Executive Director
3. Chee Long Sing @ Cher Hwee Seng Member, Executive Chairman
Details of Directors remuneration for the financial year ended 31 December, 2013 are as follows:-
Executive Directors Non-Executive Directors
Total
RM ‘000
RM ‘000
RM ‘000
Salaries and other emoluments
1,800
-
1,800
Directors’ fee
-
72
72
Bonuses
470
-
470
EPF (Employer)
228
-
228
TOTAL
2,498
72
2,570
Directors remuneration analysed into bands of RM50,000 is as follows :-
Band of Remuneration
No. of Directors
Executive Directors
Non-Executive Directors
Total
Below RM50,000
-
3
3
RM50,001 – RM100,000
-
-
-
RM100,001 – RM150,000
-
-
-
RM150,001 – RM200,000
-
-
-
RM200,001 – RM250,000
-
-
-
RM250,001 – RM300,000
-
-
-
RM300,001 – RM350,000
-
-
-
RM350,001 – RM400,000
1
-
1
RM400,001 – RM450,000
1
-
1
RM450,001 – RM500,000
-
-
-
RM500,001 – RM550,000
2
-
2
RM550,001 – RM600,000
-
-
-
RM600,001 – RM650,000
-
-
-
RM650,001 – RM700,000
1
-
1
TOTAL
5
3
8
Note :-
The above mentioned Directors' remuneration is the total sum of the remuneration received by the Directors from the
Company and its subsidiaries.
Corporate Governance Statement (CONT’D)
SCC HOLDINGS BERHAD
(511477-A)
