Question 2[TOTAL MARKS 20]

You are the Secretary of a company which is going through the process of moving from the Sdn Bhd to Bhd for a full listing on Bursa Malaysia Stock Exchange. The board has been having regular meetings, and at the last meeting decided it was worried about disclosures relating to directors' remuneration. In fact, one of the board members has told you confidentially that none of them are certain which information needs to be disclosed, which information will be audited and which will not. Until now, remuneration has not been disclosed in the company's annual reports, and with the new listing the board feels that this has to change quickly.

Required:

Prepare a summary of requirements and best practice relating to the disclosure of directors' remuneration, and the audit of this information, for the next board meeting.