Page 68 - Exim iar24_Ebook

EXIM BANK MALAYSIA
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STATEMENT ON CORPORATE GOVERNANCE

INTRODUCTION

The Board of Directors (“Board”) of Export Import Bank of Malaysia Berhad (“EXIM Bank” or “the Bank”) strives to uphold the
principles and best practices of corporate governance that are transpired into the following key points:

Commitment to Corporate Governance
The Board is committed to upholding the principles and best practices of corporate governance as outlined
by the Bank Negara Malaysia’s (“BNM”) Corporate Governance Policy Document (“CGPD”), the Malaysian Code on
Corporate Governance (“the Code”) and other relevant legislative and regulatory provisions.

Focus on Transparency and Integrity
The Board emphasises on transparency, accountability, responsibility, and integrity in its decision-making processes,
financial disclosures and communications with stakeholders. These values are crucial for building trust and
ensuring the long-term growth and sustainability of the Bank.

Strategic Intent
The Board ensures that the Bank’s business strategies align with the long-term financial stability
and growth, while also being consistent with national economic plans and regulatory frameworks.
The Board also ensures that the Bank navigates between its mandated role, evolving market conditions
and regulatory changes, maintaining resilience and contributing to the broader economy.

Delegation of Authority
The Board establishes clear structures for decision-making, ensuring that authority is appropriately delegated
to Senior Management while maintaining oversight and accountability. The Board Committees assist the Board
in the execution of its duties and responsibilities. Through these structures, the Board ensures efficient
decision-making and upholds the highest standards of governance with robust control mechanisms in place.

Legal and Regulatory Compliance
The Board, through its Board Charter, takes into account the roles, powers, fiduciary duties,
and functions vested in it by the Development Financial Institutions Act 2002 (“DFIA 2002”),
Companies Act 2016, and the Constitution of the Bank. It also aligns with other primary legislative
and regulatory provisions applicable to the Bank. The Board Charter also incorporates
corporate governance principles and best practices as outlined in the BNM CGPD and the Code.
This ensures the Bank’s operations are in line with the industry standards and regulatory expectations.

Overall, the statement underscores the Board’s commitment to robust Corporate Governance Practices, Legal and Regulatory
Compliance, and Ethical Conducts in fulfilling its duties and responsibilities to its shareholders and stakeholders.