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Axiata Group Berhad | Annual Report 2016
GOVERNANCE
086
The number of Directors of the Company whose total remuneration including remuneration for services rendered by them to Axiata Group during the
financial year falls within the required disclosure band is as follows:-
Breakdown of the aggregated remuneration of NEDs for FY16 into appropriate components is set out below:-
Axiata
Subsidiaries
Total
Name of Director
Fees
(RM’000)
Meeting
Allowances
a
(RM’000)
Monetary
Value of
Benefits-in-
Kind
(RM’000)
Fees
(RM’000)
Meeting
Allowances
(RM’000)
(RM’000)
Tan Sri Dato' Azman Hj. Mokhtar
b
360
42
115
-
-
517
Tan Sri Ghazzali Sheikh Abdul Khalid
c
269
48
44
214
15
590
Datuk Azzat Kamaludin
d
283
57
25
144
48
557
Dato’ Abdul Rahman Ahmad
e
187
30
50
-
5
272
Dato’ Mohd Izzaddin Idris
f
25
4
-
-
-
29
David Lau Nai Pek
g
276
70
65
228
39
678
Juan Villalonga Navarro
h
110
6
8
-
-
124
Ann Almeida
259
31
17
-
-
307
Dr Muhamad Chatib Basri
i
240
28
58
289
17
632
Kenneth Shen
b, j
282
59
84
73
6
504
Total (RM’000)
2,291
375
466
948
130
4,210
a.
Meeting Allowances cover BAC, BNC, BRC and other Board committees
b.
Fees and Meeting Allowances paid directly to Khazanah
c.
Fees and Meeting Allowances from subsidiaries-Robi and Ncell
d.
Fees and Meeting Allowances from subsidiaries-Dialog and edotco
e.
Meeting Allowances for Axiata Digital Advisory Board
f.
Appointed on 24 November 2016. 50% of Fees and Meeting Allowances paid directly to UEM Group
g.
Fees and Meeting Allowances from subsidiaries-Celcom, Smart and edotco
h.
Retired on 26 May 2016
i.
Fees and Meeting Allowances from subsidiary-XL
j.
Fees and Meeting Allowances from subsidiary-edotco
Breakdown of the aggregated remuneration of Tan Sri Jamaludin Ibrahim for FY16 into appropriate components is set out below:-
(RM’000)
a. Salaries, Allowances and Bonus
5,500
b. Benefits (Contribution to EPF, ESOS and RSA Expenses and Monetary Value of Benefits-in-Kind)
2,989
Executive Director
The Company’s policy on remuneration for the ED is similar to previous years which is to ensure that the level of remuneration is generally set to provide
market competitiveness to attract, retain and motivate an ED of the highest calibre to competently manage the Company.
The component parts of the remuneration are therefore structured to link the remuneration package with corporate and individual performance as well
as relative shareholders’ returns and takes into account similar packages at comparable companies (of similar size and complexity to Axiata locally; and in
the same industry in the region), based on information prepared by independent consultants and survey data.
The BRC reviews and recommends the remuneration package of the ED for the Board’s approval and it is the responsibility of the Board as a whole to
approve the total remuneration package of the ED, giving due considerations to law and corporate governance principles. The current remuneration policy
of the ED consists of basic salary, performance-linked bonus, benefits-in-kind, EPF contributions and RSA respectively based on the recommendation of
the BRC. The ED is not entitled to monthly fees nor is he is entitled to receive any meeting allowances for the Board and Board Committee meetings he
attends both for Axiata and subsidiaries.
STATEMENT ON CORPORATE GOVERNANCE