Page 70 - Exim iar24_Ebook

EXIM BANK MALAYSIA
68

STATEMENT ON
CORPORATE GOVERNANCE

PART 2: BOARD COMPOSITION

Board Size, Composition and Diversity
Overall, the composition and structure of the Board is aligned with regulatory requirements and best practices of Corporate
Governance. Article 94(1) of the Constitution of the Bank provides that the number of Directors should be between two (2) and
twelve (12). As at 31 January 2025, the Board consists of:

Six (6) Directors

1 3 2
Independent Independent Non-Independent
Non-Executive Non-Executive Non-Executive Directors
Chairman Directors [nominees from Menteri Kewangan
Diperbadankan (“MKD”) and Ministry of
International Trade and Industry (“MITI”)]

CORE COMPETENCIES
4
Male 33% Female • Banking
Directors • Insurance/Takaful
• Finance
• Accounting
2 • Audit
67% Female • Legal
Male Directors • Business Management
• Socioeconomics/Public Policy
• Public Administration

During the Financial Year 2024, the Board welcomed its new Chairman and two (2) Independent Non-Executive Directors during the
year, reinforcing its commitment to strong leadership and governance. Additionally, the Board bid farewell to two (2) Independent
Non-Executive Directors, expressing gratitude for their valuable contributions. These transitions reflect the Bank’s ongoing efforts
to maintain a dynamic and effective Board.
Based on the above, the present composition of the Board is in compliance with BNM’s Policy Document on Corporate Governance
as more than half of its members are Independent Directors. The Board is also committed to maintaining diversity in its composition
across different aspects, including gender, age, skills, backgrounds, and expertise. Such diversity enriches the Board’s capabilities
by bringing in diverse perspectives and enabling more informed and effective decision-making.

A brief profile of each member of the Board is presented on pages 52 to 57 of this Annual Report.