Page 70 - EXIM-Bank_Annual-Report-2023

EXIM BANK MALAYSIA
68 A Vision to Serve Empowering Growth Management Discussion and Analysis
ANNUAL REPORT 2023
STATEMENT ON CORPORATE GOVERNANCE

PARt 2: BoARD CoMPoSItIon

Board Size, Composition and Diversity

Overall, the composition and structure of the Board is aligned with regulatory requirements and best practices of Corporate
Governance. Article 94(1) of the Constitution of the Bank provides that the number of Directors should be between two (2) to
twelve (12). As at 31 January 2024, the Board consists of:

1

50 50
2 % %
3 male 3 female
directors directors
6
Directors

CoRE CoMPEtEnCIES
Insurance/
Banking Finance Accounting
Takaful
3 Business
Audit Legal
Management
˜ Independent Non-Executive Chairman
˜ Independent Non-Executive Directors Socioeconomics/
˜ Non-Independent Non-Executive Directors Industry/
[nominees from MOF (Inc.) and Ministry of Investment, Trade Public Policy, and Public Subject Matter Expert
and Industry (MITI)] Administration

Based on the above:

• The present composition of the Board is in compliance with BNM’s Policy Document on Corporate Governance, as more than
half of its members are Independent Directors;
• The Board demonstrates gender diversity, with an equal representation of male and female directors, complying with
recommendations for gender diversity set forth by MOF (Inc.) and the Code, i.e, having at least 30% women directors sitting on
the Board; and
• The Board is also committed in maintaining diversity across various dimensions, such as age, cultural and educational
backgrounds, professional experience, skills, knowledge and length of service. Such diversity enriches the Board’s collective
critical capabilities, expertise and experience, which is necessary in carrying out its functions effectively.

A brief profile of each member of the Board is presented on pages 52 to 57 of this Annual Report.