During the FY2022, BIMB engaged an external consultant to undertake the BEE to evaluate its Board and Committees’ overall performance. The assessment criteria in the Assessment Forms are tailored to the specific needs and nuance of BIMB, having taken into account the relevant regulatory provisions as well as emerging and leading practices. The will be undertaken on annual basis via self-evaluation coordinated by the Company Secretary and once every three (3) years by an external independent party. The questionnaires comprised the Board and Board Committee Effectiveness Assessments, Directors’ Self and Peer Assessments, Fit and Proper Assessment, Independence Assessment on Independent Directors, Board Skills Matrix and interview insights by the Board and selected Senior Management personnel. The external consultant conducted analyses based on the self and peer questionnaire completed by eleven Directors and interview insights by the Board and selected Senior Management personnel. BIMB’s overall score was 80% out of 100%. A particular highlight for BIMB was boardroom dynamics and cohesion, whereby the Board was noted to work collectively as a tightknit group of professionals who exuded enthusiasm and mutual understanding. It is also worth noting that the dynamic working relationship between BIMB’s Board and Management is also a key strength of BIMB, whilst the Company Secretary was commended for providing good support to the Board. Meanwhile, rigour of strategic parleys, boardroom composition and diversity, succession planning and talent management, information flow to the Board Committees and Board, and boardroom administration represents key improvement markers that warranted further inquest. Our Sustainability Commitment Our Sustainability Report 2022 articulates our commitment to improving the Group’s sustainability practices ensuring that we are more competitive, more resilient and adaptable to change amid the unprecedented challenges of COVID-19. The Report sets out in detail the scope of our sustainability reporting and sustainability framework that addresses stakeholder expectations across various sustainability issues and business segments. The Board acknowledges that the Group’s long-term success and continued relevance are dependent on the prosperity and trust of the communities where the Group serves and the environment that we operate. As a financial institution, BIMB has implemented a sustainable governance structure to provide oversight and strategic direction over the Group’s sustainable finance initiatives. While the ESG Risk Framework allows the effective identification, management and monitoring of ESG risks across the Group’s businesses, the Framework is part of an overall sustainability plan and the roadmap that guides our actions as a financial institution in implementing sustainable finance. The Board Risk Committee and Management Risk Control Committee provide oversight and strategic direction on the Group’s ESG Risk Framework that focuses on how BIMB manages and mitigates key ESG risks and impacts including climate change, environmental and social risks across its portfolios. During the financial year under review, the Group made further enhancements to the governance structure to ensure that implementation of our sustainability commitments are carried out efficiently across the various business segments. The Sustainability Report can be found from pages 108 to 153 of this Integrated Annual Report. Directors’ Indemnity BIMB provides and maintains indemnification for its Directors throughout the financial year under review as allowed under the Companies Act 2016 to the extent it is insurable under the Directors’ and Officers’ Liability Insurance (D&O) incurred by them in discharging their duties while holding office as Directors and Officers of BIMB. Accountability Bank Islam Malaysia Berhad 191 01 05 03 07 02 06 09 04 08
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