Page 138 - Full Book_24.4.2021

CORPORATE GOVERNANCE
OVERVIEW STATEMENT

(PURSUANT TO PARAGRAPH 15.25 (1) OF THE MMLR OF BURSA SECURITIES)

bOarD evaLuatIOn
The Board conducts an annual assessment of its members Based on the 2020 Board Evaluation results, the Board and Board
through a Board and Peer Annual Assessment (“board Committees are satisfied with their existing composition and
evaluation”) to determine the effectiveness and performance of are of the view that, with the current mix of skills, knowledge,
individual Directors, Board Committees and the Board as a whole. experience and strength of the existing Directors, the Board
This formal and transparent process provides an objective and and the Board Committees are able to discharge their duties
structured approach in the board evaluation exercise to address effectively.
INTEGRATED ANNUAL REPORT 2020 which included the implementation of e-Evaluation through Committees as a whole have remained effective and have
any gaps and improvement areas for the Board. There were
The BNRC concluded that the Directors and respective Board
several enhancements made to the 2020 evaluation exercise
consistently met high performance standards and all expectation.
an online platform, a wider scope of assessment to include the
This indicates that the Directors have continuously fulfilled their
evaluation of the effectiveness of the Chairman and Members of
responsibilities as Members of the Board and Board Committees.
the Board Committees as well as the improvement in some of the
questionnaires for clarity purposes.
Details of the 2020 Board evaluation results can be found in the
DIreCtOrS’ reMuneratIOn CG Report 2020.
132
BHB has in place a remuneration structure for Directors that has been aligned to attract, retain and remunerate Directors for their
contributions. The BNRC is authorized to review the remuneration framework for Directors and Key Senior Officers of BHB to ensure
that their compensation is competitive and consistent with industry standards and is in line with BHB’s culture, objectives and strategies.
BIMB HOLDINGS BERHAD 199701008362 (423858-X) 23 Annual General Meeting on 26 August 2020 are as follows: rM CHaIrperSOn’S preMIuM (per MeetInG)
The remuneration of the Directors is reviewed regularly to ensure the Directors are reasonably remunerated and reflects their role,
responsibilities and efforts in discharging their fiduciary duties. The remuneration framework as approved by the shareholders at the
rd

bnrC reMuneratIOn FraMeWOrk
retaIner FeeS
MeetInG FeeS
(per annuM)
bIMb HOLDInGS berHaD
(per annuM)
rM
rM
Chairman
Board
Member
48,000
3,000
n/a
24,000
5,000
Chairman 48,000 72,000 5,000
12,000
BAEC
Member 24,000 n/a 3,000
Chairman 24,000 12,000 5,000
BRC
Member 24,000 n/a 3,000
Chairman 12,000 12,000 5,000
BNRC
Member 12,000 n/a 3,000
OtHer eMOLuMentS
bIMb HOLDInGS berHaD per annuM (rM)
veHICLe aLLOWanCe MeDICaL Leave paSSaGe
Chairman 120,000 18,000 40,000
Board
Member 24,000* 18,000 30,000
Notes:
* This entitlement is only for director that holds the position of Senior Independent Non-Executive Director.