b) Remuneration
• To establish and recommend the remuneration
structure and policy for Directors and key
executives, if applicable, and to review changes
to the policy as necessary.
• To ensure that a strong link is maintained
between the level of remuneration and individual
performance against agreed targets, the
performance-related elements of remuneration
setting forming a significant proportion of the
total remuneration package of Executive Directors.
• To review and recommend the entire individual
remuneration package for each of the Executive
Director and, as appropriate, other senior
Executives, including the terms of employment or
contract of employment/service; any benefit,
pension or incentive scheme entitlement; any
other bonuses, fees and expenses; and any
compensation payable on the termination of the
service contract.
• To review with the President & Managing
Director, his/her goals and objectives and to
assess his/her performance against these
objectives as well as contribution to the
corporate strategy.
• To review the performance standards for key
Executives to be used in implementing the
Group’s compensation programmes where
appropriate.
• To consider and approve compensation
commitments/severance payments for Executive
Directors and key Executives, where appropriate,
in the event of early termination of the
employment/service contract.
• To consider other matters as referred to the
NRC by the Board.
Remuneration policies and procedures
The Board believes that the levels of remuneration
offered by the Group are sufficient to attract Directors of
calibre and with sufficient experience and talent to
contribute to the performance of the Group. The
remuneration framework for the President & Managing
Director has an underlying objective of attracting and
retaining an Executive Director needed to manage the
Company successfully. The remuneration package of the
President & Managing Director is structured to
commensurate with the achievement of corporate targets
set by the Board and his individual performance. The
Non-Executive Directors are remunerated based on fixed
annual fees approved by the shareholders of the
Company.
The details on the remuneration of the Directors are as follows:
Salary and
Others
Allowances
and Fees
Fees from
Subsidiaries
Benefit in
Kind
TOTAL
Non-Independent Non-Executive Director
Dato’ Kamaruzzaman Abu Kassim
(a)
113,500
113,500
Ahamad Mohamad
(a)
56,000
56,000
Zulkifli Ibrahim
(a)
60,500
60,500
Independent Non-Executive Directors
Zainah Mustafa
68,500
68,500
Datuk Azzat Kamaludin
(b)
70,500
15,000
85,500
Dr Kok Chin Leong
(c)
145,100
145,100
Dr Yoong Fook Ngian
(d)
279,000
279,000
Tan Sri Dato’ Dr Yahya Awang
(b)
73,600
48,000
121,600
Datin Paduka Siti Sa’diah Sheikh Bakir
(e)
410,852
21,250
432,102
President & Managing Director
156
KPJ Healthcare Berhad annual report
2014
Statement on
Corporate Governance
(Pursuant to Section 15.25 of the Bursa Malaysia Listing Requirements)
