171 ACCOUNTABILITY Directors’ benefits (continued) Since the end of the previous financial year, no Director has received or become entitled to receive a benefit (other than benefits shown in table below and under Directors’ Remuneration below) 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. Group Company 2023 RM million 2022 RM million 2023 RM million 2022 RM million Related companies controlled by certain Directors: - purchase of vehicles 1 - - - - service fee charges 1 - - - Directors’ and officers’ indemnity and insurance costs During the financial year, the total amount of indemnity coverage for Directors and Officers (“D&O”) of the Group and of the Company was RM1.3 billion. The premium borne by the Company and the Group for the D&O coverage during the financial year was RM2 million. Directors’ remuneration Details of Directors’ remuneration are as follows: Group Company 2023 RM million 2022 RM million 2023 RM million 2022 RM million Executive directors’ remuneration: - Salaries and bonuses 12 10 12 10 - Contributions to defined contribution plan 2 2 2 2 - Share-based payments (10) 18 (10) 18 - Other emoluments 1 - 1 - 5 30 5 30 Non-executive directors’ remuneration: - Fees 2 2 2 2 Total directors’ remuneration 7 32 7 32 Fees for executive directors and other emoluments for non-executive directors are not disclosed as the amounts are, in aggregate, below RM1 million. DIRECTORS’ REPORT (CONT’D)
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