KENANGA ANNUAL REPORT 2017

38. COMPENSATION OF KEY MANAGEMENT PERSONNEL The remuneration of Directors and other members of key management during the financial year was as follows: Group Bank 2017 RM'000 2016 RM'000 2017 RM'000 2016 RM'000 Group Managing Director – Short term employee benefits 2,772 2,059 2,772 252 – Post-employment benefits: EPF 408 335 408 35 Senior Management – Short term employee benefits 13,598 13,057 11,009 6,314 – Post-employment benefits: EPF 2,070 1,886 1,656 928 18,848 17,337 15,845 7,529 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. 39. DIRECTORS’ REMUNERATION Remuneration in aggregate for Directors for the financial year is as follows: Group Bank 2017 RM'000 2016 RM'000 2017 RM'000 2016 RM'000 Directors of the Bank: Non-executive directors’ remuneration: – Fees 2,775 3,006 2,590 1,711 – Other remuneration, including meeting allowance 226 282 204 134 Total directors’ remuneration 3,001 3,288 2,794 1,845 Estimated money value of benefits-in-kind 106 169 106 28 Total for directors of the Bank (Note 33) 3,107 3,457 2,900 1,873 Kenanga Investment Bank Berhad 31 December 2017 160 notes to the financial statements