96 Kenanga Investment Bank Berhad Annual Report 2021 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD Company Level Fees(1) RM Salaries RM Other Emoluments RM Bonus RM Benefits-inKind RM Total RM Tan Sri Dato’ Seri Syed Anwar Jamalullail 537,178.08 - 36,000.00 - 31,150.00(2) 604,328.08 Izlan Izhab - - - - 19,332.00(3) 19,332.00 Datuk Syed Ahmad Alwee Alsree 185,260.28 - 22,000.00 - 8,805.61(4) 216,065.89 Dato’ Richard Alexander John Curtis 145,561.65 - 26,000.00 - 13,000.00(5) 184,561.65 Luigi Fortunato Ghirardello 360,000.00 - 72,000.00 - - 432,000.00 Ismail Harith Merican 300,000.00 - 42,000.00 - - 342,000.00 Luk Wai Hong, William 400,000.00 - 84,000.00 - - 484,000.00 Jeremy Nasrulhaq 390,000.00 - 74,000.00 - - 464,000.00 Norazian Ahmad Tajuddin 370,000.00 - 74,000.00 - - 444,000.00 Kanagaraj Lorenz 370,000.00 - 68,000.00 - - 438,000.00 Choy Khai Choon 14,054.79(6) - - - - 14,054.79 TOTAL 3,072,054.80 - 498,000.00 - 72,287.61 3,642,342.41 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 in the form of Farewell Gift for Encik Izlan Izhab who resigned on 1 January 2021. (4) Benefits-in-kind for the Deputy Chairman included golf club membership, car and other claimable benefits pro-rated until his resignation on 11 June 2021. (5) Benefits-in-kind in the form of Farewell Gift for Dato’ Richard Alexander John Curtis who resigned on 11 June 2021. (6) Annual Director Fee pro-rated for the period Mr. Choy Khai Choon was in office following his appointment on 13 December 2021. Board Performance 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 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 is 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, the performance 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. Arising from the assessment conducted in 2021, feedback from the Board members were obtained in the areas of Board oversight practices and processes, Board composition and structure, Board succession planning, as well as, Board development plan and training needs to further enhance its overall effectiveness.
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