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ASIA MEDIA GROUP Berhad
Annual Report 2016
32
2.
STRENGTHEN COMPOSITION OF THE BOARD (cont’d)
2.3. Remuneration Committee (cont’d)
The aggregate remuneration of the Directors of the Group paid or payable by the Group
for the financial year under review are as follows: (cont’d)
NUMBER OF DIRECTORS
EXECUTIVE
NON-EXECUTIVE
RANGE OF REMUNERATION
DIRECTORS
DIRECTORS
Below RM50,000
–
2
RM50,001 – RM100,000
–
-
RM100,001 – RM200,000
–
1
RM200,001 - RM300,000
1
–
Note:
For security and confidentially reasons, the details of the Directors’ remuneration are not
shown with reference to Directors individually. The Board is of the view that the transparency
and accountability aspect of the corporate governance on Directors’ remuneration are
appropriately served by the band disclosure made.
The Board recommends the Directors’ fees and other emoluments payable for the financial
year ended 31 December 2016 which are subject to the shareholders’ approval at the
forthcoming AGM.
3.
REINFORCE INDEPENDENCE
The Board recognises that Independent Non-Executive Directors play an important role in
ensuring impartiality of the Board’s deliberations and decision-making process.
3.1. Annual Assessment of Independent Directors
During the financial year under review, the Nomination Committee had assessed
the contribution and performance of the Independent Non-Executive Directors, upon
appointment, re-election and their independence. Moving forward, the independence
assessments shall be performed on an annual basis. The Board is satisfied with the
assessment of the Independent Directors especially with the level of independence
demonstrated by all the Independent Directors of the Company and their ability to provide
objective judgement to the Board, which mitigate conflict of interest and undue influence
from interested parties.
Corporate Governance Statement
(continued)