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EXIM BANK MALAYSIA
72 A Vision to Serve Empowering Growth Management Discussion and Analysis
ANNUAL REPORT 2023
STATEMENT ON CORPORATE GOVERNANCE
nomination and Remuneration Committee (nRC)
The NRC’s primary objectives are as follows:
(i) Providing a formal and transparent procedure and support to the Board in carrying out its function in overseeing the following
matters concerning the Board, Board Committees, Directors, SC, P/CEO and Senior Management:-
(a) Appointments, reappointments and removals.
(b) Composition.
(c) Performance evaluation and development.
(d) Fit and proper assessments.
(ii) Supporting the Board in overseeing matters relating to the remuneration policy and packages for the Directors, SC members,
P/CEO and Senior Management of the Bank, including various incentives or retention schemes implemented by the Bank.
The NRC comprises three (3) members (including the NRC Chairman), a majority of whom are INEDs and is chaired by an INED.
Details of Terms of Reference of NRC is available on the Bank’s corporate website at https://www.exim.com.my.
The NRC held twelve (12) meetings during the financial year 31 December 2023. Members of the NRC and details of the meeting attended
by the members are stated on page 73 of this Annual Report.
Board tender Committee (BtC)
The BTC is entrusted by the Board to provide the necessary oversight over the Bank’s procurement process in line with the
Approving Authorities and Authority Limits (AA) and compliance with the Procurement Policy of the Bank to ensure the highest
ethical standards, compliance to legal and regulatory requirements, and strong governance of the procurement activities.
The BTC comprises three (3) members, a majority being INEDs and chaired by an INED. Details of Terms of Reference of BTC is
available on the Bank’s corporate website at https://www.exim.com.my.
During the financial year ended 31 December 2023, the BTC met four (4) times. Members of the BTC and details of the meetings attended
by the members are stated on page 73 of this Annual Report.
