Wednesday, August 4, 2010

Is it possible for a director to get paid at average RM 4,145.83??














(Picture is taken from Freight Management Holding Bhd Annual Report 2009)

There are 4 directors in Freight Management Holding Bhd. Total salary is RM 199,000.00
Which mean each director average get paid RM 4,145.83 (199,000/4/12). Is it possible?
How can the director survive in current economy nowsday with so low salary?
It is either the figure given wrongly (hardly possible) or else they are good management and do not spend much shareholder's money? There is one more thing need to be highlighted! Thats the salary range is maintained at that range since year 2004!

This is sure something very interesting about it..
at

1 comment:

  1. TKAugust 7, 2010 at 3:20 PM

    I think you've spotted the error on the report.

    1) That RM300k is on the directors fee only & is most prbably on the Company Level, But the disclosure said it was on the Group level. ( I ignore the other emoluments which could be benefits in kind)

    2) See note 30 Profit before tax.

    Total remuneration of the directors of the GROUP around 4.5mil.

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