statement accompanying notice of
fifteenth annual general meeting
1. Increase in the total Directors’ fees.
The Remuneration Committee had conducted a survey to benchmark the Directors’ fees of the Company with that of other public listed companies of similar size and in
the similar industry and had recommended an increase of RM90,000.00 in the Directors’ fees as follows to the Board of Directors. The Board of Directors had resolved to
table the same under Ordinary Resolution 2 at the Fifteenth Annual General Meeting of the Company for shareholders’ approval.
Incremental in Directors’ Fees (RM)
Non-Executive Chairman
20,000.00
Independent Non-Executive Directors
40,000.00
Non-Independent Non-Executive Director
10,000.00
Executive Directors
20,000.00
90,000.00
2.
Re-election and Re-appointment of Directors
2.1 Directors who are standing for re-election pursuant to Article 110 of the Company’s Articles of Association
(i) Chan Cheu Leong
(ii) Pauline Tan Suat Ming who retires pursuant to Article 110 of the Company’s Articles of Association, has expressed her intention to retire and hence, she shall
not seek re-election and shall hold office until the conclusion of the Fifteenth Annual General Meeting of the Company. With the retirement of Pauline Tan as
a Non-Independent Non-Executive Director, Daniel Yong Chen-I shall automatically cease to be her Alternate Director.
2.2 Re-appointment of Director who retires pursuant to Section 129(6) of the Companies Act, 1965
(i) Professor Tan Sri Lin See Yan
Details of attendance of Directors who are standing for re-election and re-appointment are set out as below:
Director
Directorship
Total Meetings
Attended
Chan Cheu Leong
Managing Director / Group Chief Executive Officer
6/6
Pauline Tan Suat Ming
Non-Independent Non-Executive Director
6/6
Professor Tan Sri Lin See Yan
Senior Independent Non-Executive Director
6/6
Profile of the above Directors are set out in the section of Profile of Directors of the Annual Report from pages 9 to 11, while details of shareholdings of the above Directors
in the Company and its related Companies are set out on pages 175 to 177 of the Annual Report.
3.
Date, time and place of the Fifteenth Annual General Meeting
Date : Wednesday, 3 June 2015
Time : 11.00 a.m.
Place : Perdana IV, Level 3, Cititel Hotel, 66 Jalan Penang, 10000 Penang, Malaysia.
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Wah Seong Corporation Berhad • Annual Report 2014
