The well-being of customers, employees and other stakeholders as well as the environment is crucial in sustaining our long-term performance. As such, the Group incorporates ESG risks and opportunities into our business decisions given their heightened materiality in decision-making considerations of stakeholders. The Group considers the integration of ESG factors as a component of the Board’s fiduciary responsibility and accountable therefore to the oversight and management of sustainability. Our sustainability agenda aims to make us more resilient to disruptions, flexible to change and accountable to the ‘triple bottom line’ of People, Planet and Profit. We view sustainability as an on-going and rewarding journey which the Group is committed to continuously engage in and undertake. Our Sustainability Statement for 2023 articulates our commitment to improving the Group’s sustainability practices so that we are more competitive, more resilient and adaptable to change which has been reinforced amid the unprecedented challenges. The Report sets out in detail the scope of our sustainability reporting and sustainability framework that addresses stakeholder expectations across various sustainability issues. REMUNERATION The Board has established a formal and transparent process in determining the appropriate remuneration package for the Board. The Board, with the assistance of the NRC, reviews the level of remuneration of Directors to ensure that it is sufficient to attract and retain the Directors needed to lead the Company to success. The level of remuneration reflects the experience and level of responsibilities undertaken by the Directors. The NRC is also responsible to implement policies and procedures on remuneration including reviewing and recommending matters relating to the remuneration of Board and Senior Management. A review on the quantum and composition of NEDs’ remuneration is undertaken once every four years. The details for the remuneration of Directors for the financial year ended 31 December 2023 for BPlant are as follows: Directors Fees Meeting and other allowances RM’000 Company RM’000 Group RM’000 Maj. Gen. Dato’ Seri Haji Khairuddin Haji Abu Bakar (R) J.P.1 119 119 39 Tan Sri Dato’ Wira Aziah Ali 121 121 48 (Dr.) Salihin Abang 131 131 46 Izaddeen Daud# 90 90 8 Fahmy Ismail# - - - Lieutenant General Datuk Azizan Md Delin (R)2 63 63 11 Datuk Muhar Hussain3 32 32 5 Dato’ Haji Ismail Haji Lasim4 10 10 3 Dato’ Indera Haji Mustaffar Kamal Haji Ab Hamid4 8 8 2 Datuk Haji Abdul Ghani Abdul Rashid4 9 9 1 Mohd Azahar Ibrahim4 8 8 2 Dato’ Dr. Haji Din Adam4 8 8 1 599 599 166 Note: 1 Deceased on 7 February 2024. 2 Appointed w.e.f. 20 April 2023. 3 Appointed w.e.f. 23 August 2023. 4 Resigned w.e.f. 31 January 2023. # Fees and Allowances are paid to Boustead Holdings Berhad. CORPORATE GOVERNANCE OVERVIEW STATEMENT Boustead Plantations Berhad 108
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