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62 EXIM BANK MALAYSIA
Annual Report 2020

CORPORATE GOVERNANCE DISCLOSURE REPORT

Nomination and Remuneration Committee (NRC)
Primary objectives of the NRC are as follows:

Provide 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:

Appointments, Performance
reappointments Composition evaluation and Fit and proper
assessments
and removals development

Support 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.
NRC comprises three (3) members, exclusively NEDs and chaired by an Independent Director.

The functions and responsibilities of the NRC are as follows:

Nomination functions

• Oversee the overall composition of the Board, Board • Assess annually the performance and effectiveness of the
Committees and SC in terms of size, skill and the Board, Board Committees and the contribution of each
balance between NEDs and Independent Director and to individual director in discharging their duties.
recommend to the Board the appropriate policy relating • Assess the performance and effectiveness of the Senior
thereto. Management in discharging their duties including the
• Recommend suitable candidates to the Board for the setting of appropriate performance target parameter of
appointment and re-appointment in the Board, Board each financial year.
Committees, SC and P/CEO taking into consideration • Oversee the succession planning framework for the Board
amongst others the fit and proper assessment that the and Senior Management.
individuals should bring to the Board.
• Ensure all Directors undergo an appropriate induction
In the case of candidates for the position of Independent programme and receive continuous training in order to
Directors, the NRC shall also evaluate the candidates’ keep abreast with the latest developments in the industry.
character and judgment to discharge such responsibilities/ • Oversee and recommend to the Board on the Human
functions as are expected from Independent Directors.
Capital policies and strategies, compensation and benefits
• Recommend candidates to the Board for the appointments policies/plans and the terms and conditions of service of
and reappointments of Senior Management based on the the P/CEO and Senior Management.
fit and proper assessment.