KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2024 WE ARE KENANGA OUR SUSTAINABILITY APPROACH LEADERSHIP STATEMENT HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION OUR VALUE CREATION APPROACH 97 96 For the Financial Year Ended 31 December 2024, the Directors and Shariah Committee Members are paid the annual fees and meeting allowances for each meeting of the Board, Board Committee or Shariah Committee that they have attended, as stated below. Financial Year Ended 31 December 2024 Fees Chairman of the Board RM520,000.00 Director RM270,000.00 Chairman of AC RM60,000.00 Chairman of GNC/ GBRC/ GBDITC RM40,000.00 Chairman of Shariah Committee RM78,000.00 Member of AC/ GNC/ GBRC/ GBDITC RM30,000.00 Member of Shariah Committee (1) RM54,000.00 RM48,000.00 Type of Meeting Allowance Chairman Member Per Meeting Board Meeting RM2,000.00 RM2,000.00 General Meeting of the Company RM2,000.00 RM2,000.00 AC/ GNC/ GBRC/ GBDITC/ ESS Committee Meeting RM2,000.00 RM2,000.00 Shariah Committee RM600.00 RM500.00 Note (1) The Annual Fee for the Financial Year Ended 31 December 2024 was based on the number of years served as a Shariah Committee member, as well as the scope of roles and responsibilities being undertaken. The payment of Directors’ fees will be made after obtaining the Shareholders’ approval at the Annual General Meeting (“AGM”). The breakdown of the remuneration of individual Directors which includes fees, other emoluments and benefits-in-kind for the FYE 2024 is set out below. Group Level Fees(1) RM Salaries RM Other Emoluments RM Bonus RM Benefits-inKind RM Total RM YAM Tan Sri Dato’ Seri Syed Anwar Jamalullail 520,000.00(2) - 26,000.00 - 31,150.00(3) 577,150.00 Encik Ismail Harith Merican 300,000.00 - 34,000.00 - - 334,000.00 Mr. Luk Wai Hong, William 454,000.00 - 98,000.00 - - 552,000.00 Encik Jeremy Nasrulhaq 390,000.00 - 66,000.00 - - 456,000.00 Puan Norazian Ahmad Tajuddin 520,000.00 - 118,000.00 - - 638,000.00 Mr. Kanagaraj Lorenz 370,000.00 - 66,000.00 - - 436,000.00 Mr. Choy Khai Choon 450,000.00 - 122,820.00 - - 572,820.00 Madam Chin Siew Siew 357,459.02 - 60,000.00 - - 417,459.02 Ms. Angeline-Ong Su Ming 168,196.72(4) - 20,000.00 - - 188,196.72 TOTAL 3,529,655.74 - 610,820.00 - 31,150.00 4,171,625.74 Notes (1) Subject to the Shareholders’ approval at the forthcoming AGM. (2) Included RM40,000 in lieu of Club Membership. (3) Benefits-in-kind for the current Chairman included leave passage, driver, car and other claimable benefits. (4) Annual Directors’ Fee was pro-rated for the period Ms. Angeline-Ong Su Ming was in office following her appointment on 4 June 2024. CORPORATE GOVERNANCE OVERVIEW STATEMENT CORPORATE GOVERNANCE OVERVIEW STATEMENT Company Level Fees(1) RM Salaries RM Other Emoluments RM Bonus RM Benefits-inKind RM Total RM YAM Tan Sri Dato’ Seri Syed Anwar Jamalullail 520,000.00(2) - 26,000.00 - 31,150.00(3) 577,150.00 Encik Ismail Harith Merican 300,000.00 - 34,000.00 - - 334,000.00 Mr. Luk Wai Hong, William 330,000.00 - 54,000.00 - - 384,000.00 Encik Jeremy Nasrulhaq 390,000.00 - 66,000.00 - - 456,000.00 Puan Norazian Ahmad Tajuddin 370,000.00 - 64,000.00 - - 434,000.00 Mr. Kanagaraj Lorenz 370,000.00 - 66,000.00 - - 436,000.00 Mr. Choy Khai Choon 360,000.00 - 98,680.00 - - 458,680.00 Madam Chin Siew Siew 357,459.02 - 60,000.00 - - 417,459.02 Ms. Angeline-Ong Su Ming 168,196.72(4) - 20,000.00 - - 188,196.72 TOTAL 3,165,655.74 - 488,680.00 - 31,150.00 3,685,485.74 Notes (1) Subject to the Shareholders’ approval at the forthcoming AGM. (2) Included RM40,000 in lieu of club membership. (3) Benefits-in-kind for the current Chairman included leave passage, driver, car and other claimable benefits. (4) Annual Directors’ Fee was pro-rated for the period Ms. Angeline-Ong Su Ming was in office following her appointment on 4 June 2024. Pursuant to the revised MMLR issued by Bursa Securities on 29 November 2024 on Paragraph 9.25 in relation to the enhancement of the remuneration disclosures in annual report with regard to Chief Executive of listed corporations, the detailed remuneration of the GMD is disclosed as stated below. Group Level Salary RM’000 Bonus RM’000 Defined Contribution Plan - EPF RM’000 Other Emoluments RM’000 Benefits-inKind RM’000 Total RM’000 Datuk Chay Wai Leong 1,667 2,084 600 - 652 5,003 Board Effectiveness Evaluation In line with the requirements of the MMLR, BNM’s Policy Document on Corporate Governance and the recommendations of the MCCG, the performance and contribution of the Board, Board Committees and individual Directors are assessed annually in accordance with the Board Effectiveness Evaluation Framework approved by the Board. This performance evaluation aims to objectively improve the effectiveness, maximise strengths and address weaknesses of the Board, Board Committees, as well as individual Directors, if any. It enables the Board to assess how they are performing and identify how certain elements of their performance may be improved. Individual Director’s performance evaluation is also aimed at assessing whether each Director continues to contribute effectively and able to demonstrate commitment to the role, including commitment of time for the Board and Board Committee meetings and any other duties. For the Board and Board Committees, effectiveness evaluation was conducted using the self-assessment method, whereas for individual Directors, a combination of self-assessment and peer assessment method was used, based on pre-determined criteria covering key areas in line with the Board Charter, as well as the Terms of Reference of the Board Committees. The Board’s effectiveness was assessed in the areas of its structure, operations and interaction, roles and responsibilities, strategy and planning, financial overview, performance management, human capital management, risk management and internal control, Shareholders’ communication and investor relations and understanding of the Board Committees’ roles.
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