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Directors’ Remuneration
The level of directors’ remuneration is to attract
and retain directors of calibre needed to direct the
Bank successfully.
1. Executive Director (ED)
The ED component parts of remuneration are
structured so as to link rewards to corporate
and individual performance. The current
remuneration package of the ED consists of basic
salary, performance bonus, benefits-in-kind and
Employees Provident Fund (EPF) contribution. The
ED is not entitled to fees nor entitled to receive
any meeting allowances for the Board and Board
Committee meetings attended.
The performance of the ED is measured based
on the achievements which is determined based
on the individual Key Performance Indicators in a
scorecard aligned with the corporate objectives
and approved by the Board.
2. Non-Executive Director (NED)
The NEDs’ remuneration generally reflects the
experience, expertise and level of responsibilities
undertaken by the NEDs concerned. NEDs are
entitled to monthly fees, meeting allowances and
reimbursement of expenses incurred in the course
of their duties as Directors. Remuneration of NEDs
is decided by the MoF following recommendation
made by the Bank.
Details of NEDs remuneration on monthly fees and
meeting allowances are provided below:-
Fixed Allowance
Chairman
– RM10,000.00
per month
NED
–RM3,000.00
per month
Meeting Allowances
Board of Directors
– RM3,000.00
(maximum once
per meeting
(Chairman)
a month)
RM2,000.00
per meeting
Board Credit Committee – RM2,000.00
(maximum twice
per meeting
(Chairman)
a month)
RM2,000.00
per meeting
Board Risk Committee,
– RM2,000.00
Board Audit Committee, per meeting
(Chairman)
Nomination Committee
RM2,000.00
and Remuneration
per meeting
Committee (maximum
once a month)
The Directors’ aggregate remuneration for FY2013
distinguishing between ED and NEDs is set out on
page 152 of this Annual Report.
CORPORATEGOVERNANCE
DISCLOSUREREPORT
052
EXIM Bank Annual Report 2013