23. RELATED PARTY TRANSACTIONS
The Company's key management personnel include members of the board of directors and executive officers. The Company provides salaries or cash compensation, and other non-cash benefits to directors and executive officers.
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For the years ended December 31, |
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2017 |
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2016 |
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2015 |
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Short-term employee benefits |
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Employee salaries and bonuses |
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$ |
1,326,702 |
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$ |
1,224,103 |
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$ |
1,310,852 |
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Directors fees |
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267,785 |
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270,000 |
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270,000 |
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Social security and medical care costs |
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32,912 |
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43,224 |
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33,433 |
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1,627,399 |
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1,537,327 |
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1,614,285 |
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Post-employment benefits |
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Contributions to defined contribution pension plan |
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15,928 |
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13,646 |
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26,294 |
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Share-based payments |
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1,055,719 |
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253,766 |
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1,083,985 |
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Total key management remuneration |
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$ |
2,699,046 |
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$ |
1,804,739 |
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$ |
2,724,564 |
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