Annual Report 2019

6. Remuneration The following table shows the remuneration details of the Directors of AAGB and AAB during the Financial Year: Director Fees Other Fees Salaries EPF Bonuses Total Meeting, travelling and other allowances~ Datuk Kamarudin bin Meranun – 7,860,000 3,106,950 18,031,250 28,998,200 – Tan Sri Anthony Francis Fernandes – 7,860,000 3,146,049 18,281,250 29,287,299 86,568 Dato’ Abdel Aziz @ Abdul Aziz bin Abu Bakar 256,352^ 60,000* 35,000** 55,000*** – – 406,352 52,000 Dato’ Fam Lee Ee 256,352^ 60,000* 55,000** 35,000*** – – 406,352 52,000 Dato’ Mohamed Khadar bin Merican 256,352^ 75,000* 35,000*** 35,000*^ – – 401,352 44,000 Stuart L Dean 256,352^ 40,000^^ 35,000** 55,000*^ 35,000*** – – 421,352 40,000 Noor Neelofa binti Mohd Noor 256,352^ 35,000*^ – – 291,352 10,000 ^ Pro rated based on the basic Board fee per annum as approved by the shareholders at the respective Annual General Meeting; ^^ Basic board fee as a Director of AAB; * Audit Committee fee as approved at the Second Annual General Meeting; ** Nomination & Remuneration Committee fee as approved at the Second Annual General Meeting; *** Risk Management Committee fee as approved at the Second Annual General Meeting; *^ Safety Review Committee fee as approved at the Second Annual General Meeting; ~ The meeting allowance shall be RM2,000 per meeting. 7. Limits of Authority AAGB has a Limits of Authority (“LOA”) manual, which defines the decision-making limits of each level of Management within the Group. The LOA manual clearly outlines matters over which the Board reserves authority and those delegated to the Senior Management. These limits cover, amongst others, authority over payments, investments, 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 AAGB and facilitates decision-making at the appropriate level in the organisation’s hierarchy. CORPORATE GOVERNANCE OVERVIEW STATEMENT (CONT’D.) 188 MORE THAN JUST AN AIRLINE >