CIM FINANCE. INTEGRATED REPORT 2022 | 81 I. Terms of Reference of the Corporate Governance and Conduct Review Committee; II. Audit and Compliance Committee Charter; III. Terms of Reference of the Risk Management Committee; and IV. Terms of Reference of the Board Investment Committee. The terms of reference/charter of these committees are reviewed on an annual basis by each committee and any proposed amendments are submitted to the Board for approval. It is to be noted that for the year under review, no major changes were made to the scope of the terms of reference of the Corporate Governance and Conduct ReviewCommittee, the Audit and Compliance Committee Charter , the terms of reference of the RiskManagement Committee and the terms of reference of the Board Investment Committee. 2.3 DIRECTORS’ REMUNERATION AND ATTENDANCE The remuneration of non-executive Directors consists of a mix of attendance and retainer fees and are aligned with market norms. The executive Director does not receive additional remuneration for serving on the Board of the Company or its committees. His remuneration package as an employee of the Company, including performance bonuses, is in accordance with market rates. The remuneration of the executive and non-executive Directors are reviewed and recommended for approval to the Board on an annual basis by the Corporate Governance and Conduct Review Committee. The non-executive Directors are not paid any performance bonuses. Directors’ attendance at Board and Committee meetings as well as their remuneration (including remuneration received fromsubsidiaries) during the financial year ended 30 September 2022 are as set out in the table below. The frequency of Boardmeetings is determined in such away that Directors can consider general matters as well as deal with emerging business opportunities effectively and in a timelymanner. The Company Secretary ensures that Board papers are sent to the Directors in good time to facilitate the decision-making process and strategic discussions. Attendance Interests Remuneration Category Board meetings ACC CGCRC RMC BIC Direct Indirect MUR TIMOL Aisha IND 8/8 n/a 4/4 n/a 5/5 0.0012 nil 1,700,000 DARGA Amédée NED 8/8 8/8 n/a n/a 5/5 0.0013 nil 1,020,000 JAUNBOCUS Fareedooddeen IND 8/8 8/8 n/a 4/4 n/a nil nil 940,000 MOTET Denis IND 8/8 8/8 n/a 4/4 n/a 0.0044 nil 1,100,000 SOMEN David IND 8/8 n/a 4/4 n/a n/a nil nil 1,043,625 TAYLOR Colin NED 8/8 n/a n/a 4/4 5/5 nil 5.02 890,000 TAYLOR Matthew NED 8/8 8/8 n/a n/a n/a 0.0059 1.20 720,000 TAYLOR Philip NED 8/8 n/a 4/4 n/a n/a nil 5.02 670,000 TAYLOR Timothy NED 8/8 n/a 4/4 n/a 5/5 0.4108 8.86 720,000 VAN BEUNINGEN Mark ED 8/8 n/a 4/4 4/4 5/5 nil nil 19,706,595 Key: IND – Independent Director | NED – Non-Executive Director | ED – Executive Director
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