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ANNUAL REPORT 2021 63

Directors’ Conflict of Interest

The Board members have a duty to declare annually to the Bank should they have an interest either directly or indirectly in any
transaction to be entered by the Bank. If the Director is deemed as a “connected party” or having a conflict of interest, he or she is
required to abstain from the deliberations and voting on a transaction.

Training and Development of Directors

The Board recognises the importance of continuing professional education of its Board members and encourages them to
participate in courses or activities. This would enhance their knowledge to assist the Board members in the performance of their
duties in the best interest of the Bank. The Company Secretary regularly keeps Board members informed of relevant training
courses for their consideration.

It is a requirement under the Board Charter that newly appointed Directors must complete the Financial Institutions Directors’
Education (“FIDE”) core programme as well as the Islamic Finance for Board of Directors’ Programme organised by ISRA Consulting.
In addition, newly appointed Directors are also required to attend an induction programme coordinated by the Bank. This is to
provide the new Directors with the necessary information and overview to assist them in understanding the operations of the Bank
and appreciating the challenges faced by the Bank in achieving its objectives. The programme covers diverse subject matters,
amongst others, the Bank’s business and strategies, work processes, Board Committees and the duties and responsibilities of
Directors of financial institutions.
In furtherance of the quest for continuous learning and acquisition of relevant skills and knowledge to enhance their business
expertise and professionalism, the following are conferences, seminars and training programmes attended by the Directors for the
financial year ended 31 December 2021:

Training Focus List of Conferences/Seminars and Training Programmes
Corporate Governance • FIDE Core Programme
• Governance in Groups
• The Malaysian Code on Corporate Governance
• BNM-FIDE FORUM Dialogue with Governor of Bank Negara Malaysia
Leadership • BNM-FIDE FORUM Dialogue: The Role of Independent Directors in Embracing Present and
Future Challenges
• Asia-Pacific Board Leadership Centre Webinar on Board and Audit Committee Priorities 2021
• Corporate Board Leadership Symposium 2021 on Board Assessment – Advantage of Internal vs
External Facilitation
• FIDE Forum – The Board’s Role & Responsibilities in Crisis Communication
Finance • Islamic Finance for Board Programme
• Board Workshop on Contracting and Financing Strategies
Audit, Compliance and • BNM-FIDE FORUM-MASB Dialogue on MFRS17 Insurance Contracts: What Every Director Must
Risk Management Know
• Directors Training on Enterprise Risk Management
• Fraud Risk Management Workshop 2021
• ORANGE IS THE NEW BLACK: Malaysian Anti-Corruption Laws and Initiatives
• Understanding of Corporate Liability Provision and Adequate Procedure