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Notes to the financial statements
31 December 2014
Bursa Malaysia
•
Annual Report 2014
157
34. Significant related party disclosures (cont’d.)
(c) Compensation of key management personnel (cont’d.)
Included in total remuneration of key management personnel is:
Group and Company
2014
2013
RM’000
RM’000
Executive Director’s remuneration (Note 8)
5,691
5,613
Benefits-in-kind (Note 8)
35
32
5,726
5,645
The Executive Director of the Group and of the Company and other key management personnel have been granted the following number of shares under
the SGP:
Group and Company
2014
2013
RM’000
RM’000
At 1 January
604
288
Granted
732
670
Vested
(326)
(280)
Forfeited
(65)
(74)
At 31 December
945
604
35. Contingent liability
In connection with the partial disposal of Bursa Malaysia Derivatives on 30 November 2009, the Company had entered into put and call options with Chicago
Mercantile Exchange (CME) Group over the ordinary shares of Bursa Malaysia Derivatives representing the 25% equity interest disposed of to CME Group. The
exercise price for the put and call options shall be determined based on a pre-agreed formula which takes into consideration the performance of Bursa Malaysia
Derivatives and other peer exchanges.
36. Financial risk management objectives and policies
The Group and the Company are exposed to market risk (which comprises equity price risk, interest rate risk and foreign exchange risk), liquidity risk and credit
risk arising from their business activities.
The Group and the Company ensure that the above risks are managed in order to minimise the effects of the unpredictability of the financial markets on the
performance of the Group and of the Company. There has been no change in the nature of the risks which the Group and the Company are exposed to, nor the
objectives, policies and processes to manage those risks compared to the previous year.