FGV Annual Report 2017

ANNUAL INTEGRATED REPORT 2017 HOW WE ARE GOVERNED 95 GOVERNANCE AT FGV: REMUNERATION SUMMARY OF EXECUTIVE DIRECTOR’S REMUNERATION POLICY The Executive Director receives a remuneration package which is reviewed and recommended by the Nomination and Remuneration Committee and approved by the Board. The remuneration package takes into account the individual performance and the inflation price index, which are benchmarked against information from independent sources for similar positions in other comparable companies. The Group operates a Performance Remuneration Plan (PRP) which consists of performance bonus and Long Term Incentive Plan for all employees, including the Executive Director. Performance bonuses and Long Term Incentive Plan payable to the Executive Director is reviewed by the Nomination and Remuneration Committee and approved by the Board. The Executive Director is not entitled to annual fees nor any meeting allowances for the Board and Board Committee meetings. Employee Directors are also not entitled to any annual fees in FGV Group. The summary of composition of the Executive Director’s remuneration package is as follows: FIXED REMUNERATION VARIABLE REMUNERATION TOTAL REMUNERATION BASIC SALARY PERFORMANCE BONUS SCHEME BENEFITS-IN-KIND LONG TERM INCENTIVE PLAN Governance at FGV: Majlis Ikrar Bebas Rasuah dan Forum Integriti.