Page 78 - EXIM-Bank_Annual-Report-2023

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

Board Effectiveness Evaluation (BEE)
The Board undertakes an annual BEE exercise with the objective of assessing the performance and effectiveness of the Board,
Board Committees and individual directors to ensure the appointed Directors contribute to the effectiveness of the Board.
The results of this exercise form part of the basis for the re-appointment of Directors.
The BEE is a questionnaire based self-assessment exercise where directors assess the Board as a whole, Board Committees,
individual Directors and Board Skills Matrix. The annual BEE is conducted internally and facilitated by CSD. CSD shall engage an
external consultant to conduct an independent BEE exercise at least once in every two (2) years as per BNM CGPD requirement.
The evaluation results will be presented and deliberated at the NRC and the Board for review to enable the Board to identify its
strengths, areas for improvement and potential issues that need to be addressed.

PARt 6: DIRECtoRS’ REMunERAtIon

The Bank acknowledges the importance of aligning pay and performance against the key strategic drivers of the Bank’s long-term
growth, attracting and retaining high calibre and qualified Directors with the necessary skills, qualifications and experience to have
an effective Board.
The INEDs’ remuneration package generally commensurate with the expertise, skills, responsibilities and risks associated with
being a director of the Bank. INEDs are entitled to monthly director fees, meeting allowances and reimbursement of expenses
incurred in the course of their duties as a director.

Details of the total remuneration of the Directors for the financial year ended 31 December 2023 is set out on pages 173 to 174 of this
Annual Report.

PARt 7: CoMPAnY SECREtARY

The Board is supported by an experienced and licensed Company Secretary. The Company Secretary, together with the CSD, is
responsible for the effective functioning of the Board and to provide guidance and advice to the Board on Corporate Governance
related matters and to facilitate effective dissemination of information between the Board and Senior Management. The Company
Secretary shall keep confidential the affairs of the Bank at all times.