NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 255 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION 39. COMPENSATION OF KEY MANAGEMENT PERSONNEL The remuneration of Directors and other members of key management during the financial year was as follows: Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Group Managing Director - Short term employee benefits 2,956 5,420 2,956 5,420 - Post-employment benefits: EPF 463 854 463 854 Senior Management - Short term employee benefits 19,103 26,946 11,296 19,544 - Post-employment benefits: EPF 2,910 3,485 1,730 2,464 25,432 36,705 16,445 28,282 Key management personnel are defined as those persons having authority and responsibility for planning, directing and controlling the activities of the Bank either directly or indirectly including all executive directors and senior management. 40. DIRECTORS’ REMUNERATION Remuneration in aggregate for Directors for the financial year is as follows: Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Directors of the Bank: Non-executive directors’ remuneration: - Fees 3,362 3,251 3,010 3,010 - Other remuneration, including meeting allowance 568 546 466 456 Total directors’ remuneration 3,930 3,797 3,476 3,466 Estimated money value of benefits-in-kind 68 31 68 31 Total for directors of the Bank (Note 34) 3,998 3,828 3,544 3,497
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