Page 99 - EXIM-Bank_Annual-Report-2023

Management Discussion and Analysis Ensuring Sustainability Commitment to Lead Upholding Accountability Financial Statements 97

DIRECTORS’ REPORT

DIrECTorS (cont’d)
The names of the Directors of the Bank’s subsidiaries in office since the beginning of the financial year to the date of this report are:

Malaysian Export Credit Insurance Berhad
Norlela binti Sulaiman
Wan Noorazli Maula Wan Suleiman
EXIM Sukuk Malaysia Berhad

Rupavathy A/P Govindasamy
Ng Jui Shan
Norhayati binti Azit (Appointed on 20 March 2023)

None of the Directors at the end of the financial year held any direct interest in the shares of the Bank or its related companies
during the financial year.

DIrECTorS’ BENEFITS
Since the end of the previous financial year, no Director of the Bank has received or become entitled to receive a benefit (other than
benefits included in the aggregate amount of emoluments received or due and receivable by Directors or the fixed salary of a full
time employee of the Bank as shown below by reason of a contract made by the Bank or a related company with the Director or
with a firm of which the Director is a member, or with a company in which the Director has a substantial financial interest.
Directors’ benefits are as follows:
rM’000

Fees 1,338
Other emoluments 27
1,365

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 corporate body.
The Group and the Bank has maintained a Directors’ and Officers’ Liability Insurance (“Group’s D&O Insurance”) on a group basis
up to an aggregate limit of RM15 million against any legal liability incurred by the Directors and Officers in the discharge of their
duties. The Directors and Officers shall not be indemnified by such insurance for any deliberate negligence, fraud, international
breach of law or breach of trust proven against them.
Total amount paid for indemnity insurance effected for the Directors and Officers of the Bank for the financial year amounted to
RM71,030.

ISSuE oF ShArES AND DEBENTurES

There were no changes in the issued and paid up capital of the Bank during the financial year.
There were no issuance of debentures during the financial year.