Annual Report
2015
|
DAYANG ENTERPRISE HOLDINGS BHD
(712243-U)
35
Statement on
Corporate Governance
(cont’d)
In the election for Board appointment, the Board believes in and provides equal opportunity to candidates who
have the skills, experience, core competencies and other qualities regardless of gender, ethnicity and age.
Appointment and Retirement of Directors
The procedure on re-election of directors by rotation is set out in the Company’s Articles of Association. In
accordance with Article 86 of the Company’s Articles of Association, at least one-third (1/3) of the Directors for
the time being, or the number nearest to one-third (1/3) shall retire from office at each Annual General Meeting.
All Directors of the Company are subject to re-election by the shareholders and are subject to retire from office
at least once every three (3) years. The Directors due to retire at the forthcoming AGM are shown in the Notice
of Meeting (Ordinary Resolution 3 to 6).
Directors over seventy (70) years of age are subject for re-appointment annually in accordance with Section
129(6) of the Companies Act, 1965. The director seeking re-appointment at the forthcoming AGM is shown in the
Notice of Meeting (Ordinary Resolution 7).
Remuneration of Directors
Directors’ remuneration is linked to experience, scope of responsibilities, service seniority as well as performance.
The Non-Executive Directors are paid a meeting allowance for each Board meeting and Committee meeting
they attend. The aggregate Directors’ remuneration paid or payable or otherwise made to all the Directors of
the Company who served during the financial year are as follows:
Executive Directors
(RM)
Non Executive Directors
(RM)
Total
(RM)
Fees
1,699,800
654,180
2,353,980
Salary
2,930,480
-
2,930,480
Bonus
18,047,006
-
18,047,006
Other emoluments
1,070,159
-
1,070,159
Allowances
138,800
36,000
174,800
Total
23,886,245
690,180
24,576,425
The number of Directors whose total remuneration falls within the following band is as follows :-
RANGE OF REMUNERATION
NUMBER OF EXECUTIVE
DIRECTORS
NUMBER OF NON-EXECUTIVE
DIRECTORS
RM50,001 – RM100,000
-
8
RM150,001 – RM200,000
1
-
RM250,001 – RM300,000
1
-
RM7,550,001 –RM7,600,000
1
-
RM7,900,001 – RM7,950,000
1
-
RM7,950,001 – RM8,000,000
1
-
