This policy sets out the criteria to be used in recommending the remuneration package of Directors and senior management of AppAsia Berhad (“the Company”) and is in line with the best practice provisions of the Malaysian Code on Corporate Governance.
This policy is designed to:
The fixed salary is determined according to:
The bonus in the case of Executives Directors and Senior Management is designed to reward outstanding performance. The bonus is granted to reflect the Executive Directors and senior management’s performance as well as the Group results. A discretionary assessment is made to ensure that all factors which include measurable and not directly measurable are considered.
The fixed fee is determined according to:
The benefits and allowances which should be decided by the Board as a whole include:
This Policy should be reviewed annually by the Remuneration Committee. Any revision or amendment to this Policy shall be deliberated upon by the Remuneration Committee and any recommendation for revisions shall be proposed to the Board for its approval.
The Board should disclose this policy on the Company’s website.