Overview
Directors’ Remuneration Policy
INTRODUCTION
The Directors’ Remuneration Policy (“DR Policy”) of KPS Berhad was developed to provide formal and transparent guidelines to the Director with regards to the Directors’ remuneration benefits for Board and Board Committees of Kumpulan Perangsang Selangor Berhad (“KPS Berhad”) and its subsidiaries and/or associates (“KPS Berhad Group”).
PURPOSE
The DR Policy is designed to support the Company’s key strategies and create a robust performance-oriented environment and be able to attract, motivate and retain talents as well as promote business sustainability and growth of the Company.
SCOPE
The DR Policy shall apply to the Board of Directors of KPS Berhad Group.
GUIDING PRINCIPLES
The guiding principle of the DR Policy are in line with the Companies Act 2016, Main Market Listing Requirements of Bursa Malaysia Securities Berhad, best practice of the Malaysian Code on Corporate Governance and Corporate Governance Guide (4th Edition).
ASPECTS
- Statement of Policy
- Procedure on Review of Directors’ Remuneration
- Monitoring and Reporting
- Exceptions
