69 / 188
65
F i m a C o r p o r at i o n B e r h a d ( 2 1 1 8 5 - P ) •
A n n u a l R e p o r t 2 0 1 8
Executive
Director
Non-Executive Directors
Dato’ Roslan
bin Hamir
Dato’ Adnan bin
Shamsuddin
Rezal Zain
bin Abdul Rashid
Datuk Alias
bin Ali
Dr. Roshayati
binti Basir
RM
Subsidiaries
Directors’ Fees
-
36,000
18,000
-
-
Meeting
allowance
-
8,000
4,000
-
-
Salaries
424,848
-
-
-
-
Bonus
379,443
-
-
-
-
Benefits in kind
22,700
-
-
-
-
Others
153,822
-
-
-
-
TOTAL
980,813
44,000
22,000
-
-
The Directors’ fees were last increased in FYE2014. Shareholders’ approval will be sought accordingly at the forthcoming AGM.
Meeting attendance allowances are paid to Non-Executive Directors based on the number of meetings attended during
the financial year. For the Managing Director of the Company, the NRC reviews the remuneration package annually and
recommend to the Board on specific adjustments and/or reward package that reflect his contribution throughout the year
as well as corporate performance and achievement of key performance indicators, taking into consideration the market and
industry practice. The Managing Director recuses himself from deliberation and voting on his annual performance salary and
bonus and remuneration package at NRC and Board meetings.
PRINCIPLE B: EFFECTIVE AUDIT AND RISK MANAGEMENT
I.
AUDIT COMMITTEE
The Audit Committee is chaired by Encik Rezal Zain bin Abdul Rashid and the members are Dato’ Adnan bin Shamsuddin
and Datuk Alias bin Ali, all of whom are INEDs. The experience and qualifications of members of the Audit Committee are
disclosed in the Profile of Directors section of this Annual Report. The Audit Committee has a written Terms of Reference
which is available on the Company’s website under ‘Investors’ section.
The Audit Committee is responsible for assisting the Board in fulfilling its corporate governance responsibilities with regard
to financial reporting, audit and risk management, including the integrity of the Group’s financial reporting, the effectiveness
of the Group’s enterprise risk management and internal control framework and oversight of the independence of the external
and internal auditors. In this regard, the Audit Committee must ensure that the objectivity, independence and effectiveness of
external and internal auditors are maintained.
The particulars in relation to the audit and non-audit fees incurred by the Company and its subsidiaries for the FYE2018 are
as follows:-
Audit Fees (RM’000)
Non-Audit Fees (RM’000)
FYE2018
FYE2017
FYE2018
FYE2017
Company
73
73
9
9
Subsidiaries
225
221
-
-
TOTAL
298
294
9
9
CORPORATE GOVERNANCE OVERVIEW STATEMENT