Dagang NeXchange Berhad Annual Report 2019

CORPORATE GOVERNANCE OVERVIEWSTATEMENT DAGANG NeXCHANGE BERHAD 62 (b) Details of the remuneration of key senior management personnel within the Group (including salary, bonus, benefits in-kind and other emoluments) in each successive band of RM50,000 during the financial year 2019, are as follows: Range of Remuneration Name of Key Senior Designation Management RM50,000 and below - - RM300,001 to RM350,000 Chong Yoke Ching Chief Executive Officer, SealNet Sdn. Bhd. (formerly known as DNeXPORT Sdn. Bhd.) RM400,001 to RM450,000 Zaridan Ridzuan Chief Executive Officer, DNeX Solutions Sdn. Bhd. RM500,001 to RM550,000 Wan Ahmad Syatibi Chief Executive Officer, Wan Abd Manan Dagang Net Technologies Sdn. Bhd. Mohd Ismail Khan Chief Executive Officer, DNeX Telco Services Sdn. Bhd. Wazir Khan RM550,001 to RM600,000 Lim Kek Siang Chief Financial Officer Jasbendarjit Kaur Chief Technology Officer RM650,001 to RM700,000 Zahid Mohammad Sham Chief People Officer RM750,001 to RM800,000 Wan Azryn Wan Ab Rashid Chief Executive Officer, DNeX Drilling Tech and Oilfield Services Sdn. Bhd. (formerly known as DNeX Oilfield Services Sdn. Bhd.) RM800,001 to RM850,000 Mohd Hasery Abu Bakar Chief Executive Officer, OGPC Sdn. Bhd. Nuraslina Zainal Abidin Chief Executive Officer, Genaxis Group Sdn. Bhd. 4. REINFORCE INDEPENDENCE 4.1 Annual Assessment of Independent Directors The Board, through the NRC, carries out an annual assessment of the independent directors with the aim of strengthening the role of independent directors to facilitate independent and objective decision making in the company, free from undue influence and bias. The concept of independence adopted by the Board is in tandem with the definition of an independent director in paragraph 1.01 of the MMLR of Bursa Securities. The key element for fulfilling the criteria is the appointment of an independent director who is not a member of management and who is free of any relationship which could interfere with the exercise of independent judgement or the ability to act in the best interest of the Company. The Board has also adopted the assessment criteria provided in the corporate governance guide issued by Bursa Securities. Based on the recommendation of the NRC, the Board is satisfied that our independent non-executive directors have continued to exercise independent judgement and acted in the best interests of the Company and the Company’s stakeholders during the financial year. 4.2 Tenure of Independent Director MCCG 2017 recommends that the tenure of an independent director should not exceed a cumulative term of nine (9) years. Upon completion of the nine (9) years, an independent director may continue to serve on the Board subject to his/her re-designation as a non-independent director. As at the date of this Statement, none of the Independent Directors of the Company has served the Board for a cumulative term of nine (9) years.