Frontken Berhad Annual Report 2019

45 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2019 DIRECTORS’ BENEFITS Since the end of the previous financial year, no director has received or become entitled to receive any benefit (other than a benefit included in the aggregate amount of remuneration received or due and receivable by directors shown in the financial statements, or the fixed salary of a full-time employee of the Company or related corporations) 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 except for any benefits which may be deemed to arise from transactions entered into in the ordinary course of business with companies in which certain directors have substantial financial interests as disclosed in Note 19 to the financial statements. Neither during nor at the end of the financial year was the Group or the Company a party to any arrangements whose object is to enable the directors to acquire benefits by means of the acquisition of shares in or debentures of the Company or any other body corporate. DIRECTORS’ REMUNERATION The details of the directors’ remuneration paid or payable to the directors of the Company during the financial year are disclosed in Note 8 to the financial statements. INDEMNITY AND INSURANCE COST During the financial year, there is no indemnity given to or professional indemnity insurance effected for directors, officers or auditors of the Company. SUBSIDIARIES The details of the Company’s subsidiaries are disclosed in Note 13 to the financial statements. SIGNIFICANT EVENT OCCURING AFTER THE REPORTING PERIOD The significant event occurring after the reporting period is disclosed in Note 33 to the financial statements. AUDITORS The auditors, Crowe Malaysia PLT, have expressed their willingness to continue in office. The details of the auditors’ remuneration are disclosed in Note 8 to the financial statements. Signed on behalf of the Board in accordance with a resolution of the Directors, _________________________________________ NG WAI PIN _________________________________________ DATO’ HAJI JOHAR BIN MURAT @ MURAD 12 May 2020 Directors’ Report (cont’d)