Page 133 - Full Book_24.4.2021

In Retrospect

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The Will to Suceed

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The following diagrams provide an overview of the Board’s diversity in terms of skills, experience, age and gender composition.
Gender age board board Skills and expertise
Diversity Diversity tenure Achieving a Leading Repute
The skills and experience of the
1 50 - 60 years 1 < 2 years Board includes the following:
4 male • Banking
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• Takaful
2 60 - 70 years 2 2 - 3 years • Stock Broking & Fund
Management
1 female
2 above 70 years 2 > 4 years • Accounting & Audit Paving the Way for a Sustainable Future
• Management, Leadership &
Strategy
• Governance & Integrity
• Risk Management
• Public Policy & Regulatory

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bOarD COMMItteeS

The Board has delegated authority to several Board Committees to enable the Board to discharge its duties and responsibilities properly
and exercise oversight in specific areas. There are three (3) established committees (as listed below) focusing on audit, risk as well as
board nomination and remuneration. The Terms of Reference of the respective Board Committees can be found at the Company’s
website: www.bimbholdings.com.

bOarD auDIt & exaMInatIOn • Responsible to support the Board in ensuring that there is a reliable and Adhering to the Best Governance Practices
COMMIttee (“baeC”) transparent financial reporting process and internal control system within
the Company and oversee the effectiveness of the internal auditors and
external auditors of the Company.
• To oversee the integrity of the financial statements in compliance with |
legal and regulatory requirements and applicable accounting standards.
bOarD nOMInatIOn & reMuneratIOn • To establish a formal and transparent procedure for the appointment of
COMMIttee (“bnrC”) Directors, Chief Executive Officer, Board Committee members and Key
Senior Officers. Laying the Foundation for Financial Growth
• To assess and evaluate the performance and effectiveness of the individual
directors, independence of independent directors and members of the
Board Committees as a whole.
• To recommend a framework of remuneration for directors and Board |
Committees.
• To ensure the compensation structure is competitive and consistent with
the Company’s culture, objectives and strategy.
bOarD rISk COMMIttee (“brC”) • To oversee the Group activities in managing credit risk, market risk, Additional Information & Disclosure Summary
liquidity risk, operational risk, legal risk, Shariah risk and other risk.
• To ensure the principles and requirements of managing risk are
consistently communicated and adopted throughout the Company.
• To ensure that the risk management process is in place and functioning |
24 th AGM Information
effectively.