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SUSTAINABILITY EFFECTIVE CORPORATE FINANCIAL ADDITIONAL DETAILS OF THE ANNUAL
REPORT LEADERSHIP GOVERNANCE STATEMENTS INFORMATION GENERAL MEETING

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 as members of the Board and Board Committees in the form of fees
FYE 2020 are as follows:

Fees per annum (RM)
Board/Board Committees
Chairman Member
Board of Directors 315,000.00 120,000.00
(RM26,250/month) (RM10,000/month) 87
Board Committees
- Audit, Governance and Risk Committee 24,000.00 12,000.00
- Nomination and Remuneration Committee 10,000.00 8,000.00
- Investment and Tender Committee 10,000.00 8,000.00

Details of the Non-Executive Directors’ benefits in accordance with the remuneration structure (excluding Directors’ annual fees)
are set out below:

Meeting Allowance • Board and Board Committee meeting: RM2,000 per attendance
Benefits • Company car (Chairman only):
- one (1) Company car of at least 2000cc
• Driver allowance or Security service allowance MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
- not more than RM2,500 per month (reimbursable)
• Medical expenses, insurance coverage, travelling expenses and other claimable benefits

In July 2020, the NRC had engaged an external consultant, KPMG Management & Risk Consulting Sdn Bhd to conduct an
independent review of the remuneration framework for Non-Executive Directors of MSM, with a view of ascertaining its
competitiveness and alignment with the long-term interests of the Company.

The details on the review carried out is disclosed in the NRC Report, page 105 of this Annual Report.
Summary of Group Chief Executive Officer’s Remuneration Policy

The GCEO receives a remuneration package recommended by the NRC and approved by the Board. The remuneration
package takes into account the individual performance which are benchmarks against the Company’s targets as well as market
rate for benefits-in-kind, annual increment and bonus. The GCEO is not entitled to annual fees nor any meeting allowances
for the Board and Board Committee meetings. GCEO is also not entitled to any annual fees in MSM Group.
The summary of the GCEO’s remuneration package is as follows:

ADDITIONAL
BENEFIT BASIC FIxED VARIABLE PERFORMANCE
Benefits-in-kind SALARY REMUNERATION + REMUNERATION BONUS
Other Benefits
Allowances =

TOTAL
REMUNERATION