KENANGA ANNUAL REPORT 2019

107 DIRECTORS’ REPORT INDEMNIFICATION OF DIRECTORS The Bank has maintained a Directors and Officers Liability Insurance on a group basis up to the aggregate limit of RM30.0 million against any legal liability incurred by the directors and officers in the discharge of their duties while holding office for the Group. The directors and officers shall not be indemnified by such insurance for any gross negligence, fraud, intentional breach of law or breach of trust proven against them. The total amount of insurance premium paid for the Directors and Officers of the Bank for the current financial year was RM34,000. DIRECTORS The names of the Directors of the Bank in office since the beginning of the financial year and at the date of this report are: Izlan Bin Izhab (Independent Non-Executive Director/Chairman) Datuk Syed Ahmad Alwee Alsree (Non-Independent Non-Executive Director/Deputy Chairman) Dato’ Richard Alexander John Curtis (Non-Independent Non-Executive Director) Luigi Fortunato Ghirardello (Non-Independent Non-Executive Director) Ismail Harith Merican (Non-Independent Non-Executive Director) Luk Wai Hong, William (Independent Non-Executive Director) Jeremy Bin Nasrulhaq (Independent Non-Executive Director) Norazian Binti Ahmad Tajuddin (Independent Non-Executive Director) Kanagaraj Lorenz (Independent Non-Executive Director) The names of the Directors of the Group’s subsidiaries who served the respective Boards of the subsidiaries since the beginning of the current financial year to the date of this report are disclosed in Note 54 to the financial statements. 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 39 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.