132 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 DIRECTORS (CONT’D.) In accordance with Clause 78 of the Bank’s Constitution, YAM Tan Sri Dato’ Seri Syed Zainol Anwar Ibni Syed Putra Jamalullail, Encik Ismail Harith Merican and Mr. Luk Wai Hong, William will retire by rotation at the forthcoming Annual General Meeting and, being eligible, offer themselves for re-election. DIRECTORS’ BENEFITS Neither at the end of the financial year, nor at any time during that year, did there subsist any arrangement to which the Bank was a party, whereby the Directors might acquire benefits by means of the acquisition of shares in or debentures of the Bank or any other body corporate. Since the end of the previous financial year, no Director has received or become entitled to receive a benefit (other than benefits included in the aggregate amount of emoluments received or due and receivable by the Directors of the Bank as shown in Note 40 of the financial statements or from related corporations) by reason of a contract made by the Bank or a related corporation with any 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. DIRECTORS’ REMUNERATION Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Directors’ remuneration 3,998 3,828 3,544 3,497 DIRECTORS’ INTERESTS According to the Register of Director’s shareholdings, the interests of Directors in office at the end of the financial year, in shares of the Bank, were as follows: The Bank: Number of Ordinary Shares At 1.1.2023 Addition Disposal At 31.12.2023 Direct interest: Norazian Binti Ahmad Tajuddin 10,000 - - 10,000 Kanagaraj Lorenz 388,000 - - 388,000 Jeremy Bin Nasrulhaq 187,900 - (187,900) - Other than as disclosed above, none of the other Directors in office at the end of the financial year had any interest in shares of the Bank or its related corporations during the financial year. DIRECTORS’ REPORT
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