Strength & Stability - ECS Holdings Limited

32 Related Parties
Transactions with directors and other key management personnel
Key management personnel of the Group are those persons having the authority and responsibility for planning, directing and
controlling the activities of the Group. The directors and directors of subsidiaries and members of the management team are
considered as key management of the Group.
Key management personnel compensation comprises remuneration of directors and other key management personnel as follows:
Group
2008 2007
$’000 $’000
Directors of the Company
- Short-term employment benefits 2,271 2,218
- Other long-term benefits 94 71
Directors of the subsidiaries
- Short-term employment benefits 2,379 2,713
- Other long-term benefits 121 117
Executive officers
- Short-term employment benefits 1,387 961
- Other long-term benefits 23 23
6,275 6,103
During the year, the Company and certain of its subsidiaries have, in the normal course of business entered into the following
transactions with companies in which certain directors have interests:
Group
2008 2007
$’000 $’000
Purchase of information technology products 15,231 2,116
Sales of information technology products 13,836 10,841
Legal professional services fees - 92
Consultancy services - 161
The directors and other key management personnel participate in the Company’s share option plans, the terms and conditions of
which are stated in note 17. There are no options granted, exercised for the year ended 31 December 2008 or outstanding at 31
December 2008.
Notes to the
Financial Statements
These notes form an integral part of the financial statements.
Annual Report 2008
p.
95