EcoWorld International is a company with management team in multiple countries, competing for talent in a demanding environment. The company’s ability to attract and retain high calibre executives required to manage complex business is important for the Company.

The Directors Remuneration Policy and Key Management Personnel Remuneration Policy have been designed to reflect the multiple countries’ operations of EcoWorld International’s business as well as talent pool. The competitive market for top executives within the property development sector provides an important reference point, but is only one of the factors considered when the company sets the remuneration policies for the Board of Directors and Key Management Personnel.

The following principles underpin EcoWorld International’s approach on remuneration:

1. Transparency
   Simple, transparent and fair approach.
2. Link to strategy and shareholder alignment
   Significant proportion of remuneration is variable and linked to the delivery of EcoWorld International business results and remuneration is also intended to reflect the meeting of shareholders’ expectation.
3. Stewardship
   Focus on long-term sustainable performance.

EXECUTIVE DIRECTORS

The remuneration of Executive Directors consists of:

1. Salary and Benefits
   To provide fixed remuneration to reflect the scale and complexity of both the business and the role, and to be competitive with the external market.
   • Salary
     Salary levels take into account the nature of the role, performance of the business and the individual, market positioning and pay conditions.When recommending salaries, the Nomination and Remuneration Committee considers practice in other comparable property development companies as well as other companies of a similar size, geographic spread and business dynamics to EcoWorld International.
   • Benefits
     Executive Directors are entitled to receive those benefits available to all EcoWorld International employees. The said benefits include group insurance coverage, medical benefits, motor vehicle related benefits and annual leave.Executive Directors may receive other benefits that are considered to be appropriate in terms of the individual’s role. Annual leave passage and security services for example.
2. Annual Bonus
   To provide variable remuneration dependent on performance against annual financial, operational and employee engagement measures. The bonus is based on performance against annual measures and targets set at the start of the year, evaluated at the end of the financial year.The level of bonus payable may vary depending on the job performance.

NON-EXECUTIVE DIRECTORS

The remuneration of Non-Executive Directors consists of:

1. Fee
   Remuneration is in the form of fees, payable annually. Remuneration practice is consistent with recognized best practice standards for Non-Executive Directors’ remuneration and, as a Malaysian listed company, the level and structure of Non-Executive Directors’ remuneration will primarily be compared against best practices within Malaysia.The level and structure of Non-Executive Directors’ remuneration is reviewed by the Nomination and Remuneration Committee who will make a recommendation to the board. Non-Executive Directors do not vote on their own remuneration.
2. Allowance
   Non-Executive Directors receive an allowance, which is paid in cash, for the purpose of attending board or committee meetings.

The Executive Directors play no part in the decision of their own remuneration but may attend the Nomination and Remuneration Committee meetings at the invitation of the Chairman of the Nomination and Remuneration Committee, if their presence is required. The determination of Non-Executive Directors’ remuneration is decided by the Board of Directors, as a whole and subject to shareholders’ approval, with individual Directors abstaining from discussion of his or her own remuneration.

KEY MANAGEMENT PERSONNEL

The remuneration of Key Management Personnel consists of:

1. Salary and Benefits
   To provide fixed remuneration to reflect the scale and complexity of both the business and the role, and to be competitive with the external market.
   • Salary
     Salary levels take into account the nature of the role, performance of the business and the individual, market positioning and pay conditions.When recommending salaries, the Nomination and Remuneration Committee considers practice in other comparable property development companies as well as other companies of a similar size, geographic spread and business dynamics to EcoWorld International.
   • Benefits
     The Key Management Personnel are entitled to receive those benefits available to all EcoWorld International employees. The said benefits include group insurance coverage, medical benefits, motor vehicle related benefits and annual leave.
2. Annual Bonus
   To provide variable remuneration dependent on performance against annual financial, operational and employee engagement measures.The bonus is based on performance against annual measures and targets set at the start of the year, evaluated at the end of the financial year.The level of bonus payable may vary depending on the job performance.

The remuneration of President & Chief Executive Officer and Chief Financial Officer are set by the Board of Directors based on the recommendation from Nomination and Remuneration Committee, whereas the remuneration of other Key Management Personnel only requires the approval of the President & Chief Executive Officer.

The Nomination and Remuneration Committee shall review and assess the effectiveness and continued relevance of policies periodically. Any revisions to the policies as recommended by the Nomination and Remuneration Committee will be submitted to the Board of Directors for approval.