Since 1997, BIMB Holdings Berhad has made a dynamic impact on social progress as it guides its subsidiaries towards realising sustainable futures for all under the strategic pillars of Responsible Finance, Inclusive Growth, Talent Enrichment, Ethical Practice & Reporting and Islamic Finance & Knowledge-Sharing. These pillars have nurtured strong and distinctive businesses that deliver real value to People, Planet and Prosperity. Moving forward, a new restructuring is in the works to optimise our subsidiaries’ advancement with greater autonomy, agility and responsiveness; while remaining solidly anchored on the Group’s legacy of progressing all stakeholders. This coming of age is celebrated by the meaningful pictures that reflect the positive impact the Group has had on the lives of diverse stakeholders.
The year 2019 has been a very meaningful year for all of us at BIMB Holdings Berhad (“BHB” or “the Group”) as we not only navigated one of the most challenging business environment and operating landscape but made crucial inroads towards greater growth and sustainability.
The economy and the business environment will no doubt be ever-changing and challenging as we move forward. But one dominant theme will be Malaysia’s Shared Prosperity Vision 2030 (“SPV2030”) that will focus on creating a high-value, high-technology, and entrepreneurial economy as well as diversifying resources and growth potential. In addition, with the rise of Industry Revolution 4.0, digitalisation and automation, which are developing at an unprecedented pace, Malaysia’s banking and financial services industry are set to completely change. These themes will be even more important now as Malaysia seeks to stabilise and set its course for recovery and growth in the long-term.
In 2019, the Group focused on deepening and broadening our offerings, driving operational efficiencies and elevating stewardship in driving sustainable and socially responsible business practices.
BHB is committed to upholding high standards of corporate governance. The Board recognises the importance of corporate governance to preserve stakeholders’ trust, safeguard their interest and enhance their value in line with the Group’s objective to be the premier Islamic financial services provider. This CG Overview Statement summarises the main corporate governance practices and policies in place during the 2019 financial year relating to the consolidated entity comprising BHB and its subsidiaries. It has been prepared in compliance with Main Market Listing Requirements of Bursa Malaysia Securities Berhad and is to be read together with the Corporate Governance Report 2019 (“CG Report 2019”) of the Company which is available on BIMB Holdings Berhad’s website: http://www.bimbholdings.com. The CG Report 2019 elaborates on BHB’s application of each of the Practices set out in the MCCG 2017 for the financial year under review.