FGV Annual Report 2017

FELDA GLOBAL VENTURES HOLDINGS BERHAD HOW WE ARE GOVERNED 94 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 and duties of the Board and Board Committees. FGV has in place a Board Remunerations Policy which was last revised on 25 August 2016. SUMMARY OF NON-EXECUTIVE DIRECTORS’ REMUNERATION POLICY The Non-Executive Directors’ remuneration package reflects the experience, expertise and level of responsibilities undertaken by the Non-Executive Directors. The Non-Executive Directors’ remuneration include fees, benefits-in-kind and other benefits including meeting allowances. Details of the Non-Executive Directors’ annual fees for the Board and the Board Committees are listed below: Board/Board Committees Annual Fees Board - RM600,000.00 (Chairman) - RM120,000.00 (Non-Executive Directors) Audit Committee - RM64,000.00 (Chairman) - RM32,000.00 (Non-Executive Directors) Nomination and Remuneration Committee - RM35,000.00 (Chairman) - RM20,000.00 (Non-Executive Directors) Special Board Committee - RM36,000.00 (Chairman) - RM24,000.00 (Non-Executive Directors) Other Board Committees - RM32,000.00 (Chairman) - RM16,000.00 (Non-Executive Directors) GOVERNANCE AT FGV: REMUNERATION OTHER BENEFITS • Company car allowance, driver, club membership telecommunication device meeting allowances for Non-Executive Chairman • Medical coverage, insurance coverage, travel expenses, benefits-in-kind and other claimable benefits Details of the Non-Executive Directors’ benefits in accordance with the remuneration structure (excluding Directors’ annual fees) are set out below : In addition to the remuneration received from FGV, Non-Executive Directors also receive annual fees, benefits-in-kind and other benefits including meeting allowances, from their directorships in FGV subsidiary companies. MEETING ALLOWANCE • Local RM2,000.00 • Overseas (Flight time <= 8 hours) RM2,000.00 • Overseas (Flight time > 8 hours) RM5,000.00 • Teleconferencing RM1,000.00