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Axiata Group Berhad | Annual Report 2016
271
ii)
Benefits such as annual overseas business development trips, leave passage, travel allowance, travel allowance for non-resident NEDs,
equipment, telecommunication facilities, insurance and medical.
Directors’ Fees and Benefits Payable by the Subsidiaries
15.
Approval of the shareholders is sought to comply with the provisions of Section 230(1) of the Companies Act 2016, which came into force on
31 January 2017, stipulating amongst others, that the fees and benefits payable to the directors of a listed company by the subsidiaries shall be
approved at a general meeting. Ultimately, any decision in respect of the Directors’ remuneration of the following subsidiaries will be made by the
shareholders of these companies in accordance with the laws applicable in their respective jurisdiction.
i)
Fees and Meeting Allowance
Meeting Attendance per Meeting (MYR unless indicated otherwise)
Company
Designation
Monthly Fees
(MYR unless
indicated
otherwise)
Board of
Directors
BAC
BNC/BRC
Executive
Committee
Other Board
Committees
Celcom
NEC
12,000.00
2,000.00
2,000.00
1,000.00
-
750.00
NED
8,000.00
1,500.00
1,500.00
750.00
-
500.00
XL
President
IDR100M
IDR5M
-
-
-
-
BOC, Member
IDR70-100M
IDR5M
-
-
-
-
BAC, Member
IDR60M
-
-
-
-
-
Dialog
NEC
USD975.00
USD975.00
(AGM: USD650.00)
USD975.00 USD490.00
(BNC & BRC)
USD490.00 USD390.00
NED
USD750.00
USD750.00
(AGM: USD500.00)
USD750.00 USD375.00
(BNC & BRC)
USD375.00 USD300.00
Robi
NEC
USD2,500.00
USD300.00 USD300.00 USD150.00
(BRC Only)
-
-
NED
USD2,000.00
USD200.00 USD200.00 USD100.00
(BRC Only)
-
-
Ncell
NEC
USD2,500.00
USD300.00 USD300.00 USD150.00
(BRC Only)
-
-
NED
USD2,000.00
USD200.00 USD200.00 USD100.00
(BRC Only)
-
-
edotco
NED
8,000.00
1,000.00
1,000.00
750.00
-
350.00
NEC
6,000.00
700.00
700.00
500.00
-
250.00
Smart
NEC
USD1,200.00
USD300.00 USD300.00 USD150.00
-
-
NED
USD1,200.00
USD300.00 USD300.00 USD150.00
-
-
Axiata Digital
Advisory Board
NED
-
5,000.00
-
-
-
-
ii)
Other customary benefits not available and/or provided by Axiata prevalent in these respective jurisdiction.
Notes:-
For reference on the directorship of Axiata NEDs on the Board of subsidiaries and amount paid for the FY16 which provides an estimate, please refer to page 86 of
the 2016 Annual Report. There has been no change in directorship of Axiata NEDs on these subsidiaries as at the date of this notice.
Payment of fees and benefits in note 14 and 15 will be made by the Company and the respective subsidiary on a monthly basis and/or as and when
incurred.
Re-appointment of Auditors
16.
The Board Audit Committee (BAC) and the Board had, at its meeting held on 22 February 2017 considered the re-appointment of Messrs
PricewaterhouseCoopers (PWC) as Auditors of the Company and collectively agreed that PWC meets the criteria of the adequacy of experience
and resources of the firm and the person assigned to the audit as prescribed under Paragraph 15.21 of the Main LR.
AGM INFORMATION