Board Risk Committee (BRC) The BRC and the Management Risk Control Committee (MRCC) are responsible for ensuring the adequacy and effectiveness of the Group’s risk management framework and policies. The BRC comprises four (4) members, three (3) of whom are Independent NEDs. The BRC assists the Board in managing the expectations on risk management as set out by BNM and oversees the Management activities in managing the various risks the Group is subjected to and ensuring the effectiveness of the risk management process. The key activities of the BRC during the financial year under review are set out in the CG Report. The Statement on Risk Management and Internal Control which provides an overview of the Group’s risk management and internal control framework can be found on pages 208 to 221 of this Integrated Annual Report. Annual General Meeting (AGM) The AGM is the principal forum of open dialogue with shareholders. The notice and agenda of our first AGM (following the listing of BIMB) together with Forms of Proxy were circulated to shareholders on 25 April 2022, which was twenty-eight (28) days before the 39th AGM (AGM) held on 23 May 2022 well in advance of the twenty-one (21)-day requirement under the CA 2016 and the MMLR of Bursa Malaysia. Each item of ordinary business included in the notice of the AGM was accompanied by an explanatory statement on the effects of the proposed resolution. All eleven (11) Directors attended and participated in the AGM which was conducted online using an Online Meeting Platform provided by the Boardroom Share Registrars Sdn Bhd. The Group CEO, Company Secretary, Group Chief Financial Officer, Group Signing Partner of Messrs PricewaterhouseCoopers, the External Audit Partner, the Poll Administrator and Scrutineer also attended and participated in the virtual AGM together with the Senior Management. The proceedings of the AGM included the presentation by the Group on the business performance and prospects of the Group for the FY2022, a presentation of the detailed responses to questions raised by the Minority Shareholders’ Watch Group (MSWG) prior to the AGM and a Q&A session during which the Chairman invited the shareholders to use the query box facility to submit questions (real time) during the meeting, before presenting the resolutions and putting them forward for voting. The Minutes of the AGM which were duly confirmed and signed by the Chairman of the AGM, together with the Group CEO’s presentation materials, MSWG’s Q&A and Key Matters Discussed, were posted on BIMB’s corporate website at www.bankislam.com within thirty (30) business days from the date of the AGM. THE SHARIAH SUPERVISORY COUNCIL (SSC) The SSC of BIMB is responsible for overseeing all Shariah matters of BIMB and primarily to ensure that the Shariah rulings relating to Islamic banking products and services comply with Shariah and resolutions by the relevant Shariah authorities. SSC acts as an advisor on Shariah matters to all business and support units within BIMB in carrying out their Islamic financial activities. Communication with Stakeholders The dissemination of timely and accurate information is important for shareholders and investors to enable them to make informed decisions about BIMB. The Board values the importance of effective communication with BIMB’s shareholders and other stakeholders including the general public. The Board is aware that communication is effectively carried out through various mechanisms such as the publication of Financial Report, Annual Report, CG Report, Sustainability Report, media briefings, conferences and analyst briefings among others. The Group has in place a dedicated Investors Relations function to ensure stakeholders can reach out for information anytime and from anywhere. BIMB actively updates its corporate website with the latest information on the corporate and business aspects of the Group. This helps to promote accessibility of information to BIMB’s shareholders and other stakeholders. PRINCIPLE C BOARD INTEGRITY IN CORPORATE REPORTING AND MEANINGFUL RELATIONSHIPS WITH STAKEHOLDERS Integrated Report 2022 196 Corporate Governance Overview Statement
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