Page 66 - EXIM-Bank_Annual-Report-2022

A VISION COMMITMENT EMPOWERING ENSURING ENHANCINg FINANCIAL
64 EXIM BANK MALAYSIA ANNUAL REPORT 2022 TO SERVE TO LEAD GROWTH SUSTAINABILITY gOVERNANCE STATEMENTS 65

STATEMENT OF CORPORATE GOVERNANCE

A brief profile of each member of the Board is presented on The appointment and reappointment of Directors is governed
pages 14 to 20 of this Annual Report. under the Garis Panduan Ahli Lembaga Pengarah Lantikan
Menteri Kewangan (Diperbadankan), BNM’s Policy on Fit and
The current Board members are as follows: Proper Criteria as well as the Bank’s Policy on Fit and Proper
Criteria and Policy on the Appointment/Reappointment of
1. Dato’ Azman Mahmud (Chairman)
Chairman, Directors and P/CEO. In accordance with these
2. Datuk Dr. Syed Muhamad Syed Abdul Kadir;
policies and guidelines, the NRC undertakes the crucial role in
3. Datuk Bahria Mohd Tamil;
the nomination and selection process of potential candidates
4. Dato’ Dr. Amiruddin Muhamed;
to be appointed as Directors and members of the Board
5. Dato’ Sandra Wong Lee Yun;
Committees.
6. Pauline Teh Abdullah;
1
7. Raymond Fam Chye Soon ; and The NRC screens qualified candidates to serve as Directors
2
8. Wong Yoke Nyen . and members of Board Committees based on their skills,
core competencies, experience, and commitment to
Separation of Roles of the Chairman and the President/
effectively discharge their roles to fill any gaps in the
Chief Executive Officer
present Board’s skills and expertise. Subsequently, the NRC
The Board aims to ensure an appropriate balance of roles, recommends the appointments for the Board’s approval
responsibility, authority and accountability between the prior to the submission to BNM for verification and finally
Chairman and the P/CEO with a clear division of responsibility to the MOF for the final approval. The appointment and
between the running of the Board and the Bank’s operations reappointment tenure shall be for a term of two (2) years
respectively. The positions of Chairman and P/CEO are held with maximum service tenure of six (6) years.
by different individuals with distinct roles and responsibilities
In respect of the fit and proper assessment of a candidate,
to advocate governance and transparency while providing
the NRC considers the following criteria:
effective check and balance.
Probity and reputation
PART 3: BOARD APPOINTMENT/ REAPPOINTMENT
PROCESS the candidate must have the requisite qualities such as
honesty, integrity, diligence and independence
The Nomination and Remuneration Committee (NRC) has
been delegated by the Board in overseeing the following
matters concerning the Board, Board Committees, Competency
SC, P/CEO and Senior Management:
the candidate must have the necessary qualifications, skills,
experience, ability and commitment to carry out the role

Financial Integrity
Appointment Performance
and Composition evaluation and the candidate must be able to manage his debts or
reappointment development
financial affairs prudently.

Remuneration
Fit and proper policy and The NRC is guided by BNM’s as well the Bank’s internal Policy
assessment
package on Fit and Proper Criteria to perform fit and proper assessments
on the suitability of the Board members to continue in their
present role. The assessment involves a self-declaration by
the Directors to ensure the suitability and independence of
the Directors to continue to serve as Directors of the Bank.

1 Appointed as Director with effect from 15 February 2023
2 Resigned as Director with effect from 15 July 2022