CORPORATE GOVERNANCE FRAMEWORK As a listed financial institution, BIMB’s corporate governance practices are regulated by the MMLR of Bursa Malaysia, the BNM CG Policy and the MCCG. The Board ensures that the Group complies with the exceptional standards set by our regulators by having in place a Group-wide Governance Framework which sets the minimum standards and practices that need to be observed. Accordingly, the Group operates within a clearly defined governance model that is approved by the Board. This model provides the Group with a clear governance structure which guides the governance practices and authority of decision-making across the Group. In the boardroom, the Board embraces transparency and accountability and promotes these critical components of governance throughout the Group. Ethical, experienced and effective leadership underpins the Board’s commitment to promote value-creating governance through a deliberate and structured approach that embeds good business practices, robust institutional governance, risk and compliance frameworks. BIMB’s governance structure and practices create value for all its stakeholders by: accentuating greater transparency, accountability and responsibility securing the integrity and quality of financial reporting inculcating ethical business conduct and desired behaviours based on our core values Through the framework, the Board, without abdicating its governance responsibilities, exercises collective oversight of the Board Committees and Management notwithstanding the delegation of these responsibilities. There is clear division of responsibilities between the leadership of the Board and the executive leadership of BIMB. The table below illustrates BIMB’s governance structure, an overview of the Board, Board Committees and Management Executive Committees: SHAREHOLDERS BOARD OF DIRECTORS GROUP CHIEF EXECUTIVE OFFICER MANAGEMENT EXECUTIVE COMMITTEES Engagement Board Oversight and Engagement Shariah Supervisory Council Engagement and Reporting Board Audit & Examination Committee Board Financing Review Committee Board Nomination & Remuneration Committee Board Strategic & Sustainability Committee Board Risk Committee Board Information Technology Committee Accountability Bank Islam Malaysia Berhad 179 01 05 03 07 02 06 09 04 08
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