FGV Annual Report 2012

A n n u a l R e p o r t 2 0 1 2 L a p o r a n T a h u n a n 107 Directors’ Remuneration The level of directors’ remuneration is generally set to be competitive to attract and retain Directors of such calibre to provide the necessary skills and experience as required and commensurate with the responsibilities for the effective management and operations of the Group. In 2012, the Board appointed Messrs. Towers Watson to undertake an independent and holistic review of the Group’s Board remuneration framework. The Board remuneration structure was reviewed by benchmarking the Chairman and the Directors’ remuneration against peer companies. The Board, upon the review and recommendation of the Remuneration Committee had approved the Board Remunerations Policy, which spells out the policy and framework of the Felda Global Group directors’remuneration. Non-Executive Directors The Non-Executive Directors’ remuneration package reflects the experience, expertise and level of responsibilities undertaken by the Non-Executive Directors. Details of the Non-Executive Directors’remuneration are provided below: ANNUAL FEES Board • RM700,000 (Chairman) • RM120,000 (Non-Executive Directors) Audit Committee • RM64,000 (Chairman) • RM32,000 (Non-Executive Directors) Nomination Committee, Remuneration Committee, Investment Committee, Board Steering Committee • RM32,000 (Chairman) • RM16,000 (Non-Executive Directors) MEETING ALLOWANCES (BOARD AND ALL BOARD COMMITTEES) Local • RM2,000 Overseas (Flight time <= 8 hrs) • RM2,000 Overseas (Flight time > 8 hrs) • RM5,000 Teleconferencing • RM1,000 Executive Directors The basic salaries of the Executive Directors are fixed for the duration of their contract. Any revision to the basic salary will be reviewed and recommended by the Remuneration Committee and approved by the Board of Directors, taking into account the individual performance, the inflation price index, and information from independent sources on the rates of salary for similar positions in other comparable companies.The Group operates a bonus scheme for all employees, including the Executive Directors. Bonuses payable to the Executive Directors are reviewed by the Remuneration Committee and approved by the Board. The Executive Directors are not entitled to annual fees nor entitled to receive any meeting allowances for the Board and Board Committee meetings that they attend. Imbuhan Para Pengarah Tahap imbuhan para pengarah secara umumnya adalah bersifat berdaya saing bagi menarik dan mengekalkan Pengarah berkaliber dan bagi menyediakan kemahiran dan pengalaman yang diperlukan dan setara dengan tanggungjawab demi pengurusan dan perjalanan operasi Kumpulan yang berkesan. Pada tahun 2012, Lembaga Pengarah telah melantik Tetuan Towers Watson untuk melaksanakan penilaian bebas dan menyeluruh mengenai rangka kerja imbuhan Lembaga Pengarah Kumpulan. Struktur imbuhan Lembaga Pengarah telah dikaji semula dengan menanda aras imbuhan Pengerusi dan para Pengarah berbanding syarikat-syarikatsetaralain.LembagaPengarah,selepaskajiandansyorJawatankuasa Imbuhan, telah meluluskan Polisi Imbuhan Lembaga Pengarah yang menggariskan dasar dan rangka kerja imbuhan para pengarah Kumpulan Felda Global. Pengarah Bukan Eksekutif Pakej imbuhan para Pengarah Bukan Eksekutif mencerminkan pengalaman, kepakaran dan tahap tanggungjawab yang dipikul oleh para Pengarah Bukan Eksekutif tersebut. Butiran mengenai imbuhan para Pengarah Bukan Eksekutif disediakan di bawah: YURAN TAHUNAN Lembaga Pengarah • RM700,000 (Pengerusi) • RM120,000 (Pengarah Bukan Eksekutif) Jawatankuasa Audit • RM64,000 (Pengerusi) • RM32,000 (Pengarah Bukan Eksekutif) Jawatankuasa Pencalonan, Jawatankuasa Imbuhan, Jawatankuasa Pelaburan, Jawatankuasa Pemandu Lembaga Pengarah • RM32,000 (Pengerusi) • RM16,000 (Pengarah Bukan Eksekutif) ELAUN MESYUARAT (LEMBAGA PENGARAH DAN SEMUA JAWATANKUASA LEMBAGA PENGARAH) Tempatan • RM2,000 Luar Negara (Masa Penerbangan <= 8 jam) • RM2,000 Luar Negara (Masa Penerbangan> 8 jam) • RM5,000 Tele-Persidangan • RM1,000 Pengarah Eksekutif Gaji pokok bagi Pengarah Eksekutif ditetapkan untuk tempoh kontraknya. Sebarang semakan terhadap gaji pokok akan dikaji dan disyorkan oleh Jawatankuasa Imbuhan dan diluluskan oleh Lembaga Pengarah, dengan mengambilkira prestasi individu, indeks harga inflasi dan maklumat daripada sumber bebas mengenai kadar gaji bagi jawatan yang sama di syarikat-syarikat lain yang setara. Kumpulan mengendalikan satu skim bonus untuk semua kakitangan, termasuk untuk para Pengarah Eksekutif. Bonus yang dibayar kepada Pengarah Eksekutif dikaji semula oleh Jawatankuasa Imbuhan dan diluluskan oleh Lembaga Pengarah. Pengarah Eksekutif tidak berhak menerima yuran tahunan atau apa-apa elaunmesyuarat untukmesyuarat-mesyuarat Lembaga Pengarah dan Jawatankuasa Lembaga Pengarah yang dihadirinya.