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EXIM BANK MALAYSIA ANNUAL REPORT 2024
6 UPHOLDING ACCOUNTABILITY 71
Board Audit Committee (BAC)
The BAC is responsible for reviewing the Bank’s financial health, internal controls, performance, and internal audit findings.
They recommend appropriate corrective actions, typically during meetings held at least every two (2) months, or more frequently
as needed.
The BAC comprises four (4) members, a majority of whom are INEDs and is chaired by an INED. The Terms of Reference of BAC is
available on the Bank’s corporate website at https://www.exim.com.my.
The BAC met fourteen (14) times during the financial year. Details regarding the BAC members and their meeting attendance can be
found on page 72 of this Annual Report.
Board Risk Committee (BRC)
The BRC helps the Board manage risks according to BNM’s Risk Governance Policy Document. It also oversees Management’s risk
management activities related to credit, market, liquidity, and other risks, ensuring a functional risk management process.
The BRC comprises three (3) members, a majority of whom are INEDs and is chaired by an INED. The Terms of Reference of BRC is
available on the Bank’s corporate website at https://www.exim.com.my.
The BRC has held fourteen (14) meetings during the financial year. Details of the BRC members and their meeting attendance are
available on page 72 of this Annual Report.
Nomination and Remuneration Committee (“NRC”)
The NRC primary objectives are as follows:
(i) Providing 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:
(a) Appointments, reappointments and removals.
(b) Composition.
(c) Performance evaluation and development.
(d) Fit and proper assessments.
(ii) Supporting 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.
The NRC comprises three (3) members, a majority of whom are INEDs and is chaired by an INED. The Terms of Reference of NRC is
available on the Bank’s corporate website at https://www.exim.com.my.
The NRC met ten (10) times during the financial year. Details of the NRC members and their meeting attendance can be found on
page 72 of this Annual Report.
Board Tender Committee (BTC)
The BTC is responsible for overseeing the Bank’s procurement process, ensuring it adheres to the Approving Authorities and
Authority Limits (AA) and the Bank’s Procurement Policy. This oversight aims to maintain the highest ethical standards, legal and
regulatory compliance, and strong governance of all procurement activities.
The BTC comprises three (3) members, a majority of whom are INEDs and is chaired by an INED. The Terms of Reference of BTC is
available on the Bank’s corporate website at https://www.exim.com.my.
The BTC has held four (4) meetings during the financial year. Details of the BTC members and their meeting attendance are provided
on page 72 of this Annual Report.
