KUALA LUMPUR: FGV Holdings Bhd
had appointed an independent consultant to conduct a review and benchmarking on the non-executive director's remuneration.
In a statement, FGV said the non-executive chairman, Datuk Dzulkifli Abd Wahab, was currently being accorded to receive on a cash basis, a director fee of RM300,000 per annum or RM25,000 per month and a car allowance of RM180,000 per annum or RM15,000 per month.
"FGV board was advised by the independent consultant that the car allowance accorded to the non-executive chairman be replaced with the provision of a company car as it is not reflective of the market and sectorial norms as companies do not generally monetise the provision of a company car benefit in the form of allowances.
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