BIMB Integrated Annual Report 2017

40 In view of the above, the Company’s policy on the remuneration for Directors’ was revised as follows: (a) Fees and Other Emoluments Non-Executive Directors are remunerated by way of monthly fees, a sitting allowance and other emoluments. Fees payable to Non- Executive Directors are subject to Shareholders’ approval at the Annual General Meeting. (b) Benefits in Kind Other benefits such as Directors’ Health and Medical Benefit together with Directors’ and Officers’ (“D&O”) liability insurance and travelling allowance are also provided. The remuneration structure for the Non-Executive Directors takes into consideration the relevant factors which include the function, responsibilities, expertise, risk involved and time spent for the preparation of the Board and Board Committee meetings. A higher rate (premium) is given to the Chairman of the Board and the Board Committees in view of his/her additional role in guiding and managing the Board and the Board Committee meetings. The remuneration of the Non-Executive Directors is reviewed regularly to ensure the Directors are reasonably remunerated to reflect their role, responsibilities and efforts in discharging their fiduciary duties. The remuneration package for the key Senior Management is structured to link rewards to corporate and individual performance. It comprises salary, allowances, bonuses and other benefits aligned with prudent risk-taking. The key Senior Management’s compensation package is determined by performance during the year against individual KPIs in a scorecard in consensus with the corporate objectives as approved by the Board. The NRC reviews the performance of the key Senior Management annually and submits views/recommendations to the Board on the remuneration and/or rewards to reflect the key Senior Management’s contributions towards the Company’s achievements for the year. Bands of the senior management’s remuneration for the financial year ended 31 December 2017 are disclosed in the Practice 7.2 of the CG Report. The Nomination and Remuneration Committee reviews and recommends to the Board the overall remuneration policy for Directors, CEO, key Senior Management personnel and such function as determined by the Board as outline in its terms of reference, which can be referred to on the corporate website www.bimbholdings.com ; About Us – Corporate Governance – Board Committees –Nomination & Remuneration Committee Large companies are required to complete the columns below. Non-large companies are encouraged to complete the columns below.