Page 73 - EXIM-Bank_Annual-Report-2023

Management Discussion and Analysis Ensuring Sustainability Commitment to Lead Upholding Accountability Financial Statements 71

Board Committees
The Board has delegated certain of its governance responsibilities to the Board Committees, which consist of Board Credit
Committee, Board Audit Committee, Board Risk Committee, Nomination and Remuneration Committee and Board Tender
Committee. The Board Committees operate within clearly defined Terms of References, primarily to assist the Board in the
execution of its duties and responsibilities.

Although the Board has granted such discretionary authority to these Board Committees to deliberate and decide on certain key
and strategic matters, the ultimate responsibility still lies with the Board. The Chairpersons of the respective Board Committees will
report to the Board on matters dealt with at their respective Board Committee meetings.

Board Credit Committee (BCC)
The BCC is primarily responsible to perform supervisory and oversight role on financing and credit related proposals and approval.
The BCC shall make reference to the Credit Risk Policy and the Bank’s latest Approving Authorities and Authority Limits.
The BCC comprises three (3) members, a majority being Independent Non-Executive Directors (INEDs) and chaired by an INED.
Details of Terms of Reference of BCC is available on the Bank’s corporate website at https://www.exim.com.my.

During the financial year ended 31 December 2023, the BCC met 17 times. Members of the BCC and details of the meetings attended by
the members are stated on page 73 of this Annual Report.
Board Audit Committee (BAC)

The BAC is tasked to review the financial condition of the Bank, its internal controls, performance and findings of the internal
auditors, and to recommend appropriate remedial action regularly through its meetings, preferably to be held at least once in two
(2) months or as and when required.
The BAC comprises three (3) members (including the BAC Chairman), a majority being INEDs and chaired by an INED. Details of
Terms of Reference of BAC is available on the Bank’s corporate website at https://www.exim.com.my.

The BAC held nine (9) meetings during the financial year 31 December 2023. Members of the BAC and details of the meetings attended by
the members are stated on page 73 of this Annual Report.

Board Risk Committee (BRC)
The BRC’s main function is to support the Board in managing risks in line with BNM’s Policy Document on Risk Governance and to
oversee Management’s activities in managing risks with respect to credit, market, liquidity and other risks, while ensuring that the
risk management process is in place and functioning.
The BRC comprises four (4) members (including the BRC Chairman), majority of whom are INEDs and chaired by an INED.
Details of Terms of Reference of BRC is available on the Bank’s corporate website at https://www.exim.com.my.

The BRC met thirteen (13) times during the financial year ended 31 December 2023. Members of the BRC and details of the meeting
attended by the members are stated on page 73 of this Annual Report.