86 / 284
Axiata Group Berhad | Annual Report 2016
GOVERNANCE
084
DIRECTORS' REMUNERATION
Axiata
Non-Executive Directors
As a regional company, the remuneration philosophy is to develop a remuneration structure that commensurates with the Directors responsibilities at both
Board and Board Committee level and is sufficient to attract, incentivise and retain quality Directors. The review of the remuneration structure undertaken
in 2014 was the first since the inception of Axiata as a listed company in 2008. The review brought about the introduction of monthly fixed fees for Board
Committees which were absent from Axiata NEDs remuneration component, putting Axiata in the minority.
The introduction of the monthly fixed fees for Board Committees and payment of the same together with the Board monthly fixed fees was approved by the
shareholders at the AGM. The following table outlines the remuneration and benefits components/structure for Axiata’s NEDs:-
Remuneration
Monthly Fees
1
(RM)
Meeting Allowances
2
(RM)
NEC
3
NED
NEC
3
NED
Board of Directors
30,000.00
20,000.00
3,000.00
2,000.00
BAC
4,000.00
2,000.00
3,000.00
2,000.00
BNC
1,200.00
800.00
1,500.00
1,000.00
BRC
1,200.00
800.00
1,500.00
1,000.00
Other Board Committees
Nil
Nil
1,500.00
1,000.00
1.
In accordance with shareholders’ approval, Axiata pays Board and Board committees’ Directors’ fees on a monthly basis
2.
Meeting allowances are paid on a per meeting basis, notwithstanding any adjournment and number of days
3.
NEC refers to Non-Executive Chairman
Benefits
Benefits such as annual overseas business development trips, leave passage, travel allowance, travel allowance for non-resident NEDs, equipment,
telecommunication facilities, insurance and medical.
Frequency of Review
Targeted to occur every five years, the last review was undertaken in 2014. Director’s remuneration is decided by the Board collectively after review by the
BRC and the individual Director does not participate in decisions regarding his/her remuneration package.
STATEMENT ON CORPORATE GOVERNANCE