DIRECTORS’ BENEFITS Since the end of the previous financial year, no Director of the Bank has received nor become entitled to receive any benefit, other than those fees and other benefits included in the aggregate amount of remuneration received or due and receivable by Directors other than as shown below: Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Executive Director Salaries and other remuneration 487 806 – – Non-Executive Directors Fees 1,643 1,738 1,302 1,413 Other emoluments 1,324 1,366 1,029 1,106 Benefits-in-kind 884 988 884 988 3,851 4,092 3,215 3,507 4,338 4,898 3,215 3,507 There were no arrangements during and at the end of the financial year which had the object of enabling Directors of the Bank to acquire benefits by means of the acquisition of shares in or debentures of the Bank or any other body corporate. DIRECTORS’ INTERESTS IN SHARES AND DEBENTURES According to the Register of Directors’ Shareholdings required to be kept under Section 59 of the Companies Act 2016, none of the Directors who held office at the end of the financial year held any shares or debentures in the Company or its subsidiaries during the financial year. ISSUE OF SHARES AND DEBENTURES There were no shares or debentures issued during the financial year. OPTIONS GRANTED OVER UNISSUED SHARES No options were granted to any person to take up unissued shares of the Bank during the financial year. INDEMNITY AND TAKAFUL COSTS During the financial year, the Bank maintained on group basis, a Directors’ and Officers’ Liability Takaful of up to an aggregate limit of RM50 million (2023: RM50 million) against any legal liability incurred by the Directors and Officers in the discharge of their duties while holding the office. The Directors and Officers shall not be indemnified by such takaful for any deliberate negligence, fraud, intentional breach of law or breach of trust proven against them. The amount of premium paid was RM206,869 (2023: RM206,869) with certain reimbursement made by the Directors and Officers. Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2024 268 Directors’ Report for the financial year ended 31 December 2024
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