137 F INANC IAL Statements Sect ion 05 Annual Report 2022 EMPLOYEE SHARE SCHEME (contd.) The fair values of the LTIP Grants granted are estimated at the grant date using a Monte Carlo Simulation pricing model, taking into account the terms and conditions upon which the instruments were granted. Further information on LTIP Grants is disclosed in Note 38 to the financial statements. INDEMNITY AND INSURANCE FOR DIRECTORS, OFFICERS AND AUDITORS The Group maintains on a Directors’ and Officers’ Liability Insurance for any legal liability incurred by the directors and officers in discharging their duties while holding office for the Group and the Company. In respect of the above, the total amount of insurance premium paid for the financial year ended 31 December 2022 was RM189,000. The total amount of sum insured for directors and officers of the Group for the financial year amounted to RM50,000,000. The directors and officers shall not be indemnified by such insurance for any deliberate negligence, financial, intentional breach of law or breach of trust proven against them. There were no indemnities given to or insurance effected for the auditors of the Company in accordance with Section 289 of the Companies Act 2016. AUDITORS’ REMUNERATION The auditors’ remuneration for the year ended 31 December 2022 is as disclosed below. Group RM’000 Company RM’000 Auditors’ remuneration: Auditors of the Company: Statutory audit - Current year 1,474 106 Others 278 9 Other Auditor 51 - Di rectors ’ Report
RkJQdWJsaXNoZXIy ODQxNzg=