FGV Audited Financial Statements 2019

4 FGV HOLDINGS BERHAD DIRECTORS’ REPORT DIRECTORS’ BENEFITS During and at the end of the financial year, no arrangements subsisted to which the Company is a party, being arrangements with the object or objects of enabling Directors of the Company to acquire benefits by means of the acquisition of shares in, or debentures of, the Company 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 the benefits shown under Directors’ Remuneration) by reason of a contract made by the Company or a related corporation with the Directors or with a firm of which he/she is a member, or with a company in which he/she has a substantial financial interest. DIRECTORS’ INTEREST 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 except as follows: Shareholdings in FGV Holdings Number of ordinary shares At 1.1.2019 Acquired Vested (Disposed) At 31.12.2019 Datuk Wira Azhar Abdul Hamid 694,500 305,500 - - 1,000,000 Dr. Mohamed Nazeeb P. Alithambi 7,000 - - - 7,000 AUDITORS’ REMUNERATION Details of auditors’ remuneration are set out in Note 13 to the financial statements. DIRECTORS’ REMUNERATION Details of Directors’ remuneration are set out in Note 14 to the financial statements. INDEMNITY AND INSURANCE FOR DIRECTORS AND OFFICERS The Company maintains a corporate liability insurance for the Directors and Officers of the Group throughout the financial year, which provides appropriate insurance cover for the Directors and officers of the Group. The total amount of insurance premium paid by the Group during the financial year amounted to RM1,130,070 (2018: RM204,020).