Page 66 - EXIM_AR2021

64 ENHANCING EXIM BANK MALAYSIA
GOVERNANCE

STATEMENT OF

CORPORATE GOVERNANCE

Training Focus List of Conferences/Seminars and Training Programmes
Others • Cyber Drill Exercise
• BNM Engagement Session with CEOs/Chairman of Insurance Companies/Takaful Operators and
Insurance/Takaful Associations
• FIDE Forum Interview Session
• Multi Factor Authentication (“MFA”)
• Credit Risk Management System (“CRMS”)
• Meeting between BNM, Assistant Governor with CEOs and Chairmen’s of DFIs on Socialisation of
Policy Document on Corporate Strategic Plan
• KPMG Webinar on Transfer Pricing War Stories
• Khazanah Megatrends Forum 2021
• MRT3 Alignment Workshop
• Bengkel Reklasifikasi Aset MKD
• Anti-Bribery Management System
• Deloitte Malaysia – Tax Highlights of Malaysia Budget 2022
• Ernst & Young – Changes in the Malaysian Transfer Pricing Landscape

Board Effectiveness Evaluation PART 6: DIRECTORS’ REMUNERATION

The Board undertakes an annual evaluation on the effectiveness The Bank believes in the importance of aligning pay and
of the Board, Board Committees and of each individual Director performance against the key strategic drivers of the Bank’s
based on MOF’s guidelines and BNM’s CGPD to ensure the long term growth, attracting and retaining high calibre and
appointed Board members are able to contribute to the qualified Directors with the necessary skills, qualifications and
effectiveness of the performance of the whole Board. This experience to have an effective Board.
exercise is used as one (1) of the criteria for the reappointment
of a Director. The INEDs’ remuneration package is generally commensurate
with the expertise, skills, responsibilities and risks associated
The performance evaluation form comprises assessment with being a director of a financial institution. INEDs are
on the Board, Board Committees, Self and Peer Evaluation entitled to monthly director fees, meeting allowances and
and Board Skills Matrix. It is designed to improve the Board’s reimbursement of expenses incurred in the course of their
overall effectiveness as well as to draw the Board’s attention duties as a director.
to key areas that need to be addressed in order to maintain the
cohesion of the Board despite its diversity. A summary of the total remuneration of the Directors for
the financial year ended 31 December 2021 is set out on
The evaluation results will be presented and deliberated at the page 167 of this Annual Report.
NRC and thereafter, presented to the Board to enable the Board
to identify its strengths, areas for improvement and potential PART 7: COMPANY SECRETARY
issues that need to be addressed.
The Board is supported by an experienced and licensed
The Bank conducted its internal Board Effectiveness Evaluation Company Secretary. The Company Secretary together with
for financial year 2021. For financial year 2022, the Bank intends the Corporate Secretarial Department is responsible for the
to engage an external consultant to have a more balanced, effective functioning of the Board and to provide guidance and
independent and comprehensive assessment of the Board’s advice to the Board on Corporate Governance related matters
effectiveness.
and to facilitate dissemination of information between the
Board and Senior Management. The Company Secretary shall
keep confidentiality of the Bank’s affairs at all times.