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58 EXIM BANK MALAYSIA
Annual Report 2020

CORPORATE GOVERNANCE DISCLOSURE REPORT

Directors’ Remuneration
The Bank acknowledges the importance of attracting and retaining high calibre and qualified Directors with the necessary skills,
qualifications and experience to have an effective Board.
1. Non-Executive Director (NED)

The NED’s remuneration package generally commensurates with the expertise, skills, responsibilities and risks associated with
being a director of a financial institution. NEDs are entitled to monthly director fees, meeting allowances and reimbursement of
expenses incurred in the course of their duties as a director.
The following table outlines the remuneration on monthly fees and meeting allowances for EXIM Bank’s NEDs:

Directors’ Fees Meeting Allowance
(per month) (per meeting)
(RM) (RM)
Board
Chairman 12,000.00 4,000.00
NED 4,000.00 2,400.00
* maximum once a month
Board Credit Committee
Chairman – 4,000.00
Members – 2,400.00
* maximum twice a
month
Board Audit Committee
Chairman – 4,000.00
Members – 2,400.00
* maximum twice a
month
Board Risk Committee
Chairman – 4,000.00
Members – 2,400.00
* maximum once a month
Nomination and Remuneration Committee
Chairman – 3,200.00
Members – 2,000.00
* maximum once a month

A summary of the total remuneration of the Directors for the financial year ended 31 December 2020 is set out on
page 158 of this Annual Report.

BOARD COMMITTEES
The Board has delegated several of its governance responsibilities to the Board Committees, which 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 operational matters, the ultimate
responsibility still lies with the Board. The Chairmen of the respective Board Committees will report to the Board on matters dealt
with at their respective Board Committee meetings.