201 / 396
Director
Fees
Other Fees Salaries
Bonuses Meeting,
travelling
and other
allowances
Total
Non-Executive Directors
Dato’ Abdel Aziz @Abdul Aziz Bin Abu
Bakar
180,000 60,000
**
+
35,000
**
+
18,777
#
–
–
52,000 345,777
Dato’ Fam Lee Ee
180,000 60,000
**
+
55,000
^^
+
11,949
#
–
–
52,000 358,949
Dato’ Mohamed Khadar Bin Merican
180,000 75,000
^
+
35,000
**
–
–
46,000 336,000
Stuart L Dean
180,000 55,000
^^
+
35,000
**
+
11,949
#
38,000 319,949
Noor Neelofa Binti Mohd Noor
(appointed on 8 December 2017)
11,613
Nil
–
–
Nil
11,613
The basic Board fee shall be RM180,000 each per annum;
**
Members of the AC shall receive an additional RM60,000 each per annum while members of the NRC and SRB shall receive an additional
RM35,000 each per annum;
^
The AC Chairman shall receive an additional RM75,000 per annum;
^^
The NRC & SRB Chairman shall receive an additional RM55,000 per annum; and
*
The meeting allowance shall be RM2,000 per meeting
#
The Chairman of the RMC shall receive an additional RM55,000 per annum while the members of the RMC shall receive an additional
RM35,000 each per annum. The fees are subject to shareholders’ approval at AAB’s AGM.
5.
Limits of Authority
AAB has a Limits of Authority (“LOA”) manual which defines the decision-making limits of each level of Management within the Group.
The LOAmanual clearly outlines matters over which the Board reserves authority and those delegated to the Senior Management. These
limits cover, among others, authority over payments, investment, capital and revenue expenditure spending limits, budget approvals
and contract commitments, as well as authority over non-financial matters. The LOA manual provides a framework of authority and
accountability within AAB and facilitates decision-making at the appropriate level in the organisation’s hierarchy. AAGB would be adopting
a similar LOA manual.
6.
Review and Adopting a Strategic Plan
Every quarter, the Board and Audit Committee will review the operational and financial performance of AAB as well as its subsidiaries,
joint ventures and associates under the Group. Detailed reports on the airlines and non-airline investee companies within the Group are
tabled for review and deliberation on their performance. The Board will assess their performance against budget and the corresponding
quarter of the preceding year. Furthermore, the Group’s budget and strategy meeting is chaired by the GCEO to chart the direction for
the current and near-term period ahead. The GCEO updates the full Board quarterly on progress made in relation to the Group’s business
plans, including any changes and new initiatives.
[ ]
AirAsia Group Berhad
REPORTS AND FINANCIAL STATEMENTS
189