Page 126 - MSM_AR2020

CHAIRMAN’S DELIVERING MSM MANAGEMENT DISCUSSION GROUP FINANCIAL
STATEMENT VALUE OVERVIEW & ANALYSIS REPORT

DIRECTORS’ REPORT

DIRECTORS’ BENEFITS

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 as disclosed in Note 12 to the financial statements) by reason of a contract made by the
Company or a related corporation with the Directors or with a firm of which the Director is a member, or with a company in which
the Director has a substantial financial interest.
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, other than those arising from holding company’s long term incentive
plan (“LTIP”) as disclosed in Directors’ Interest in Shares and Debentures.
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DIRECTORS’ INTEREST IN SHARES AND DEBENTURES
MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
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 or
its holding company or subsidiaries of the holding company during the financial year except as follows:

Shareholdings in FGV Holdings Berhad, the immediate holding company
Number of ordinary shares
At date of
appointment/ At
1.1.2020 Acquired Granted (Disposed) 31.12.2020

Datuk Syed Hisham Syed Wazir 55,000 - - - 55,000
Dato’ Haris Fadzilah Hassan # 50,000 - - - 50,000

# Deemed interest by virtue of Section 59(11) of the Companies Act 2016, 50,000 shares are held through the spouse of Dato’ Haris
Fadzilah Hassan.

AUDITORS’ REMUNERATION
Details of auditors’ remuneration are set out in Note 11 to the financial statements.

DIRECTORS’ REMUNERATION
Details of Directors’ remuneration are set out in Note 12 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 RM48,500 (2019: RM48,500).