KENANGA ANNUAL REPORT 2020

55 ANNUAL REPORT 2020 // KENANGA INVESTMENT BANK BERHAD 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 (5) 261,420.77 - 10,000.00 - 15,575.00 (2) 286,995.77 Izlan Izhab (6) 384,535.51 - 40,000.00 - 21,987.80 (3) 446,523.31 Datuk Syed Ahmad Alwee Alsree 420,000.00 - 42,000.00 - 19,633.40 (4) 481,633.40 Dato’ Richard Alexander John Curtis 330,000.00 - 52,000.00 - - 382,000.00 Luigi Fortunato Ghirardello 360,000.00 - 70,000.00 - - 430,000.00 Ismail Harith Merican 300,000.00 - 40,000.00 - - 340,000.00 Luk Wai Hong, William 400,000.00 - 82,000.00 - - 482,000.00 Jeremy Nasrulhaq 370,000.00 - 68,000.00 - - 438,000.00 Norazian Ahmad Tajuddin 370,000.00 - 72,000.00 - - 442,000.00 Kanagaraj Lorenz 370,000.00 - 66,000.00 - - 436,000.00 TOTAL 3,565,956.28 - 542,000.00 - 57,196.20 4,165,152.48 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 for the previous Chairman included golf club membership, leave passage, driver, car and other claimable benefits. (4) Benefits-in-kind for the Deputy Chairman included golf club membership, car and other claimable benefits. (5) Appointed as Chairman of KIBB on 1 July 2020. Hence his remuneration has been prorated for the six (6) months period from July 2020 to December 2020. (6) Re-designated from Chairman to a Board Member on 1 July 2020. Hence, his remuneration has been prorated accordingly. 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. The performance evaluation was conducted using the self- assessment method for the Board and Board Committees and a combination of self-assessment and peer assessment method for individual Directors, 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, 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. The effectiveness of each of the Board Committee was also discussed in detail and areas for enhancements identified accordingly.