TIMBERWELL BERHAD

Registration No. 199601014835 ( 387185-W )

REMUNERATION POLICY


APPENDIX G

1. PURPOSE

This Remuneration Policies and Procedures set out pertinent remuneration principles and guidelines for the Board of Directors (comprising Executive Directors and Non-Executive Directors) (“Board”) of the Company and Senior Management (defined as personnel in the position of Chief Executive Officer and above) of the Company and its subsidiaries (“Group”).

The Remuneration Policies and Procedures are designed to:

The Remuneration Policies and Procedures are structured based on the following key principles:


2. PROCEDURE

The Nomination and Remuneration Committee (“NRC”) is responsible for recommending to the Board the policy framework on terms of employment and on all elements of the Directors’ remuneration and remuneration package for the Executive Directors and key senior management.

The NRC is authorised to review and recommend the annual bonus and salary increment of the Executive Directors and senior management of the Company.

Directors’ Remuneration is decided by the Board with the Director concerned abstaining from deliberations and voting accordingly.

The NRC shall, from time to time, consider the need to enhance one or more aspects of the remuneration packages in tandem with development in the market place. Accordingly, the NRC may seek professional advice from outside sources for the purpose of formulating an attractive and competitive compensation and benefits package to attract, retain and motivate talents. It’s nevertheless, the ultimate responsibility of the Board to approve the remuneration of the Directors.


3. THE NRC SHALL:




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