FGV Holdings Bhd’s non-executive chairman currently receives on a cash basis a director fee of RM300,000 per annum and car allowance of RM180,000 per annum. – The Malaysian Insight file pic, June 27, 2022.
“The independent consultant advised the board 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. It said Dzulkifli intends to use an existing car belonging to a subsidiary company as his company car with an annual budgeted expense of not more than RM180,000.
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