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HENGYUAN REFINING COMPANY BERHAD I 55

III. REmUNERATION
The Company has established a Directors Remuneration Policy (iii) That the remuneration is set at a competitive level for similar
to ensure that the compensation packages to the Directors roles and responsibilities within current market practices by
are reflective of the Company’s demands, complexities and comparable companies; and
performance as a whole, as well as the skills and experience (iv) That any such remuneration incentives do not conflict
required, and in line with the strategic objectives of the with the Directors obligations to bring objectivity and
Company which rewards contribution to its long-term success.
independent judgment to the Company.
The BNRC is guided by the following principles in its endorsement The remuneration structure for the positions of CEO, CFO and
and recommendation of the remuneration to be paid to the expatriate employees will continue to be overseen by the BNRC
individual Directors, which is subject to approval by the Board:
in accordance with its Terms of Reference.
(i) The demand, complexities and performance of the Company The Directors Remuneration Policy and the Terms of Reference
as a whole;
of the BNRC are available on the Company’s website at
(ii) The level of responsibilities, skills, expertise and experience www.hrc.com.my.
required;

Details of the remuneration breakdown of individual Directors FY2020, including fees, salary, bonus, benefits-in-kind and
other emoluments (received or to be received from the Company) are as follows:
Salaries, bonus Attendance
(In Rm’000) and salaries and other
related benefits Directors’ fees remuneration Total

Wang, YouDe N/A 753 4 757
Wang, ZongQuan N/A 225 4 229

Alan Hamzah Sendut N/A 264 4 268
Fauziah Hisham N/A 186 4 190

Liang Kok Siang N/A 252 4 256
Surinderdeep Singh Mohindar Singh N/A 240 4 244

Loy Swee Im N/A 63 1 64
Total 1,983 25 2,008

The Directors of the Company were insured against certain liabilities under a Directors’ and Officers’ liability insurance policy for
which the Company paid an aggregate sum of RM60,500.00.