85 KENANGA INVESTMENT BANK BERHAD Annual Report 2022 Company 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 520,000.00 - 24,000.00 - 31,150.00(2) 575,150.00 Mr. Luigi Fortunato Ghirardello 143,013.70(3) - 26,000.00 - - 169,013.70 Encik Ismail Harith Merican 300,000.00 - 40,000.00 - - 340,000.00 Mr. Luk Wai Hong, William 388,301.37 - 84,000.00 - - 472,301.37 Encik Jeremy Nasrulhaq 390,000.00 - 70,000.00 - - 460,000.00 Puan Norazian Ahmad Tajuddin 370,000.00 - 68,000.00 - - 438,000.00 Mr. Kanagaraj Lorenz 370,000.00 - 66,000.00 - - 436,000.00 Mr. Choy Khai Choon 343,479.46 - 56,000.00 - - 399,479.46 Madam Chin Siew Siew 185,123.29(4) - 22,000.00 - - 207,123.29 TOTAL 3,009,917.82 - 456,000.00 - 31,150.00 3,497,067.82 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) Annual Directors’ Fee was pro-rated for the period Mr. Luigi Fortunato Ghirardello was in office until his retirement from the Board of KIBB on 26 May 2022. (4) Annual Directors’ Fee was pro-rated for the period Madam Chin Siew Siew was in office following her appointment on 1 June 2022. 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 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. The effectiveness of each of the Board Committee was also discussed in detail and areas for enhancements identified accordingly. CORPORATE GOVERNANCE OVERVIEW STATEMENT
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