19
Techno
Dex
Berhad
(627634-A)
ANNUAL REPORT 2016
Save as disclosed above, other Director was not able to attend any Directors’ training during the financial year
due to time constraint and a tigh work schedule. However, the Directors have kept themselves abreast of the
financial and business matters through readings to enable them to contribute to the Board.
xi. Directors’ Remuneration
The Board through Remuneration Committee establishes formal and transparent remuneration policies and
procedures to attract and retain Directors. The Directors’ remuneration is structured so as to link rewards
to their corporate and individual performance. The Board recognises that levels of remuneration must be
sufficient to attract, retain and motivate the Directors of the quality required to manage the business of the
Group and to align the interest of the Directors with those of the shareholders.
The Board will determine the level of remuneration of Board Members, taking into consideration the
recommendations of the Remuneration Committee for the Executive Chairman, Group MD and the Executive
Director.
Non-Executive Directors will be paid a basic fee as ordinary remuneration and will be paid a sum based on their
responsibilities in Committees and the Board, their attendance and/or special skills and expertise they bring to
the Board. The fee shall be fixed in sum and not by a commission or percentage of profits or turnover.
Each individual Director shall abstain from the deliberation and voting on all matters pertaining to their own
remuneration.
The Board is of the view that the disclosure of remuneration by appropriate components and bands are
sufficient to meet the objectives set out in the ACE Market Listing Requirements of Bursa Securities.
The remuneration of the Directors for the financial year under review for the Company and the Group are as
follows:
The Company
Fees
(RM)
Salaries & Benefits in Kind
(RM)
Meeting allowance
(RM)
Total
(RM)
Executive Directors
-
538,840
-
538,840
Non-Executive Directors 204,000
-
21,000
225,000
TOTAL
204,000
538,840
21,000
763,840
Range of Remuneration
Executive
Non-Executive
RM50,001 - RM100,000
-
4
RM200,001 – RM250,000
-
-
RM250,001 - RM300,000
2
-
CORPORATE
GOVERNANCE STATEMENT
(continued)
