KENANGA ANNUAL REPORT 2020

54 3 1 2 4 5 6 7 HOW WE ARE GOVERNED Chairman Member Type of Meeting Allowance Per Meeting Board Meeting RM2,000.00 RM2,000.00 General Meeting RM2,000.00 RM2,000.00 AC/ NRC/ GBRC/ GBDITC/ ESS Committee Meeting RM2,000.00 RM2,000.00 Shariah Committee RM600.00 RM500.00 NOTES (1) The increase in the Chairman’s Annual Director Fee from RM440,000 to RM520,000 was due to the exclusion of Club Membership Fee. (2) The total fees of RM71,900.00 comprised the following: • RM15,500.00 when Dr. Kamaruzaman Noordin was serving as Chairman of the Shariah Committee from 1 January 2020 to 31 March 2020; and • RM56,400.00 when Dr. Ghazali Jaapar was serving as Chairman of the Shariah Committee from 1 April 2020 to 31 December 2020. (3) The annual fee for the Financial Year Ended 31 December 2020 are 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 Financial Year Ended 31 December 2020 is set out below. Group Level Fees (1) RM Salaries RM Other Emoluments RM Bonus RM Benefits -in-Kind RM Total RM YAM Tan Sri Dato’ Seri Syed Anwar Jamalullail (5) 261,420.77 - 10,000.00 - 15,575.00 (2) 286,995.77 Izlan Izhab (6) 424,535.51 - 48,000.00 - 21,987.80 (3) 494,523.31 Datuk Syed Ahmad Alwee Alsree 510,000.00 - 64,000.00 - 19,633.40 (4) 593,633.40 Dato’ Richard Alexander John Curtis 330,000.00 - 52,000.00 - - 382,000.00 Luigi Fortunato Ghirardello 410,000.00 - 78,000.00 - - 488,000.00 Ismail Harith Merican 300,000.00 - 40,000.00 - - 340,000.00 Luk Wai Hong, William 400,000.00 - 82,000.00 - - 482,000.00 Jeremy Nasrulhaq 370,000.00 - 68,000.00 - - 438,000.00 Norazian Ahmad Tajuddin 410,000.00 - 102,000.00 - - 512,000.00 Kanagaraj Lorenz 370,000.00 - 66,000.00 - - 436,000.00 TOTAL 3,785,956.28 - 610,000.00 - 57,196.20 4,453,152.48 NOTES (1) Subject to the shareholders’ approval at the forthcoming AGM. (2) Benefits-in-kind for the current Chairman included leave passage, driver, car and other claimable benefits. (3) Benefits-in-kind for the previous Chairman included golf club membership, leave passage, driver, car and other claimable benefits. (4) Benefits-in-kind for the Deputy Chairman included golf club membership, car and other claimable benefits. (5) Appointed as Chairman of KIBB on 1 July 2020. Hence his remuneration has been prorated for the six (6) months period from July 2020 to December 2020. (6) Re-designated from Chairman to a Board Member on 1 July 2020. Hence, his remuneration has been prorated accordingly. CORPORATE GOVERNANCE OVERV I EW STATEMENT