The Fiji Development Bank paid $1.2million to its six key management personnel in 2023, states its annual report that was tabled in Parliament on Monday.
They are listed as Saud Minam (chief executive officer), Shaukat Ali (general manager relationship & sales – retired (05/10/2022), Titilia Vakaoca (general manager relationship & sales – appointed (19/09/2022), Bimal Sudhakar (general manager business risk services), Saiyad Hussain (general manager finance and administration) and Semisi Biumaiwai (general manager talent & organisational development).
“Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including any director (whether executive or otherwise) of that entity,” states the report.
They had the greatest authority and responsibility for the planning, directing and controlling the activities of the bank and the group.
In 2021, the key management personnel were paid $938,166.
