DIRECTORS’ BENEFITS Since the end of the previous financial year, no Director of the Bank has received nor become entitled to receive any benefit, other than those fees and other benefits included in the aggregate amount of remuneration received or due and receivable by Directors other than as shown below: Group Bank 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Executive Directors Salaries and other remuneration 1,454 946 – – Non-Executive Directors Fees 1,771 1,687 1,485 1,396 Other emoluments 1,688 1,867 1,438 1,480 Benefit-in-kind 681 621 681 621 4,140 4,175 3,604 3,497 There were no arrangements during and at the end of the financial year which had the object of enabling Directors of the Bank to acquire benefits by means of the acquisition of shares in or debentures of the Bank or any other body corporate. DIRECTORS’ INTERESTS IN SHARES AND DEBENTURES According to the Register of Directors’ Shareholdings required to be kept under Section 59 of the Companies Act 2016, none of the Directors who held office at the end of the financial year held any shares or debentures in the Company or its subsidiaries during the financial year. ISSUE OF SHARES AND DEBENTURES On 21 January 2022, the Group and the Bank increased its issued and paid-up capital from 2,075,872,514 to 2,155,269,114 via the issuance of 79,396,600 new ordinary shares for a consideration of RM2.51 each arising from Dividend Reinvestment Plan. There were no debentures issued during the financial year. OPTIONS GRANTED OVER UNISSUED SHARES No options were granted to any person to take up unissued shares of the Bank during the financial year. INDEMNITY AND TAKAFUL COSTS During the financial year, the Bank maintained on group basis, a Directors’, and Officers’ Liability Takaful of up to an aggregate limit of RM50 million (2021: RM50 million) against any legal liability incurred by the Directors and Officers in the discharge of their duties while holding the office. The Directors and Officers shall not be indemnified by such takaful for any deliberate negligence, fraud, intentional breach of law or breach of trust proven against them. The amount of premium paid was RM206,869 (2021: RM207,575) with certain reimbursement made by the Directors and Officers. Integrated Report 2022 226 Directors’ Report for the financial year ended 31 December 2022
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