DIRECTORS’ BENEFITS Since the end of the previous financial year, no Director of the Company has received nor become entitled to receive any benefit (other than directors’ remuneration as disclosed in the “Directors’ remuneration” of this report) by reason of a contract made by the Company or a related corporation with the Director or with a firm of which the Director is a member, or with a company in which the Director has a substantial financial interest. There were no arrangements during and at the end of the financial period which had the object of enabling Directors of the Company to acquire benefits by means of the acquisition of shares in or debentures of the Company or any other body corporate apart from the issue of the Employee Share Option Scheme (“ESOS”). DIRECTORS’ REMUNERATION The details of the directors’ remuneration paid or payable to the Directors of the Company during the financial period are as follows: Group RM’000 Company RM’000 Non-executive Directors – Fees 2,579 2,108 – Remuneration 536 504 Total short-term employee benefits 3,115 2,612 Executive Directors – Fees 91 34 – Remuneration 3,757 3,757 – Short-term employee benefits – EPF 249 249 – Others 1,161 1,161 Total short-term employee benefits 5,258 5,201 8,373 7,813 INDEMNITY AND INSURANCE COSTS During the financial period, Directors and Officers of the Company and its subsidiaries are covered under the Directors and Officers Liability Insurance Policy (“the Policy”) in respect of liabilities arising from acts committed in their respective capacity as, inter alia, Directors and Officers of the Group subject to the terms of the Policy. The total amount of indemnity coverage and insurance premium paid for the Directors and certain Officers of the Company and of the Group were RM15,000,000 and RM63,164 respectively. Integrated Report 2023 183
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