KENANGA ANNUAL REPORT 2020

238 5 1 2 3 4 6 7 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 31 December 2020 38. COMPENSATION OF KEY MANAGEMENT PERSONNEL The remuneration of Directors and other members of key management during the financial year was as follows: Group Bank 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Group Managing Director - Short term employee benefits 2,733 2,246 2,733 2,246 - Post-employment benefits: EPF 424 345 424 345 Senior Management - Short term employee benefits 15,338 14,287 11,804 10,659 - Post-employment benefits: EPF 2,361 2,180 1,832 1,629 20,856 19,058 16,793 14,879 Key management personnel are defined as those persons having authority and responsibility for planning, directing and controlling the activities of the Bank either directly or indirectly including all executive directors and senior management. 39. DIRECTORS’ REMUNERATION Remuneration in aggregate for Directors for the financial year is as follows: Group Bank 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Directors of the Bank: Non-executive directors’ remuneration: - Fees 3,786 3,479 3,566 3,265 - Other remuneration, including meeting allowance 610 596 542 548 Total directors’ remuneration 4,396 4,075 4,108 3,813 Estimated money value of benefits-in-kind 57 103 57 103 Total for directors of the Bank (Note 33) 4,453 4,178 4,165 3,916