Annual Report 2012 - IOI Group

39. SIGNIFICANT RELATED PARTY DISCLOSURES (Continued)39.3 Key management personnel compensationThe remuneration of key management personnel during the financial year is as follows:GroupCompany2012RM’0002011RM’0002012RM’0002011RM’000DirectorsFees 804 591 660 459Remuneration 45,156 53,140 40,548 50,753Estimated monetary value of benefits-in-kind 264 246 101 104Total short term employee benefits 46,224 53,977 41,309 51,316Post employment benefits 5,389 6,324 5,082 6,058Share option expenses 788 1,528 788 1,52852,401 61,829 47,179 58,902Other key management personnelShort term employee benefits 1,943 3,007 – –Post employment benefits 290 341 – –Share option expenses 569 1,606 – –2,802 4,954 – –Number of share options granted to the key management personnel during the financial year is as follows:2012’000GroupExecutive Share Option Scheme of the CompanyAt beginning of financial year 15,520 14,694Granted – 4,600Exercised (4,514) (3,181)Lapsed – (593)At end of financial year 11,006 15,5202011’000The share options were granted on the same terms and conditions as those to other employees of the Group.Annual Report 2012IOI CORPORATION BERHAD 211