3. DIRECTORS’ FEES AND BENEFITS Ordinary Resolutions 5 and 6 – Payment of Directors’ Fees, allowances and benefits to the Non-Executive Directors. The proposed fees and benefits to be paid to Non-Executive Directors from this AGM to the next AGM of the Company are based on the following fee structure which has not changed since the 40th AGM. A. Retainer and Sitting Fees Total Amount (per annum) (RM) BOARD BRC BAEC BNRC BFRC BITC BSSC Chairman 240,000 90,000 48,000 18,000 24,000 24,000 24,000 Member 72,000 72,000 36,000 12,000 18,000 18,000 18,000 Sitting Fee (per meeting) (RM) Chairman Member 5,000 3,000 B. Benefits The benefits payable to Non-Executive Directors comprise allowances, benefits-in-kind and other emoluments payable to them, details of which are as follows:- I) Car Allowance – Chairman – RM10,000 per month II) Senior Independent Director’s Allowance – RM2,000 per month III) Other Benefits Includes benefits that are claimable or otherwise such as leave passage, medical and insurance benefits, tokens of appreciation and farewell gifts made available by the Company to eligible Non-Executive Directors. For the shareholders’ ease of reference, the details on the fees and benefits to be paid to the Non-Executive Directors are as follows:- No. Items AGM 41ST–42ND AGM 42ND–43RD 1. Retainer Fees RM1,767,360.00 RM1,812,000.00 2. Sitting Allowances RM1,338,120.00 RM1,452,000.00 3. Other Benefits RM1,108,856.00 RM1,171,000.00 Total RM4,214,336.00 RM4,435,000.00 Based on the above computation, the total fees and benefits will be RM4,435,000.00 an increase of 5.24% from the amount approved by the shareholders of RM4,214,336.00 at the 41st AGM on 16 May 2024. The increase is mainly attributed to the increase in the members of some Board Committees. If the proposed Ordinary Resolutions 5 and 6 are passed at the 42nd AGM of the Company, it will be fair and reasonable that the Non-Executive Directors to be paid the Directors’ remuneration on a monthly basis and/or as and when claimed or incurred as the Directors have discharged their responsibilities and rendered their services to the Company throughout the relevant period. Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2024 514 Notice of the 42nd Annual General Meeting
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