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CHAIRMAN’S DELIVERING MSM MANAGEMENT DISCUSSION GROUP FINANCIAL
STATEMENT VALUE OVERVIEW & ANALYSIS REPORT

NOMINATION AND REMuNERATION COMMITTEE REPORT

STATEMENT OF SUMMARY OF NRC’S ACTIVITIES Other Matters
DURING 2020
a. Contract worker requirement for MSM Prai and MSM
During the FYE 2020, NRC considered and recommended Johor
the following to the Board for approval:
b. Update on the Perlis Rationalisation Status
Nomination and Election Process
c. Report on Nomination and Remuneration Committee
a. Re-election of retiring Directors at the 2020 Annual for inclusion in 2019 Annual Report
General Meeting
d. MSM GCEO Scorecard/KPI
106 b. Assessment of the Audit Committee pursuant to
Paragraph 15.20 of Bursa Malaysia Securities Berhad e. Review of Non-Executive Directors of MSM by Messrs.
Main Market Listing Requirements KPMG Management & Risk Consulting Sdn Bhd
MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
c. Board Annual Assessment on Independent Directors f. Changes on the Organisational Structure for MSM

d. List of candidates for positions as Independent g. Directors and Officers Liability Policies
Non-Executive Directors of MSM Malaysia Holdings h. Schedule of Nomination and Remuneration Committee
Berhad
Meetings for Year 2021
e. Appointment of Nominee Director of KPF to the Board
of MSM THE COMMITTEE’S PERFORMANCE

f. Selection and appointment of Search Firm for the On an annual basis, the Board shall evaluate the Committee’s
Purpose of Talent Sourcing for the Post of Group Chief performance and the extent to which the Committee has met
Executive Officer and Group Chief Operating Officer the requirements of its TOR, including the term of office and
performance of the Committee and each of its members.
g. Appointment and resignation of the Board of Directors This performance assessment may constitute a part of the
of MSM Malaysia Holdings Berhad’s Subsidiaries
annual Board Effectiveness Assessment, pertaining to the
Remuneration Matters assessment of Board Committees.

a. 2020 Increment for MSM Group of Companies STATEMENT BY THE BOARD
b. Directors’ Remuneration for the Financial Year Ended This Report on Nomination and Remuneration Committee
31 December 2019 is made in accordance with a resolution of the Board of
c. Revised Board Remuneration Policy for MSM Directors duly passed on 25 March 2021.

d. One-time Ex-Gratia payment to the eligible staff of
MSM Group

e. Financial assistance during Pandemic period to the
eligible staff of MSM Group of Companies