Page 153 - Full Book_24.4.2021

In Retrospect

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The Will to Suceed

CONCLUSION |
Achieving a Leading Repute
The Board considers that BHB has complied and applied the Principles of the MCCG in year 2020, except for the following:
Practice 4.5: The Board must have at least 30% woman Directors

Practice 7.2: The remuneration of Top-5 key Senior Management on a named basis
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The Board has identified those Practices were there is a departure and these departure will be address as follows:
• An explanation for the departure;
• Disclosure of alternative practice adopted and how the alternative practice achieves the intended outcome;
• Actions which BHB has taken or intends to take; and Paving the Way for a Sustainable Future
• The timeframe required to achieve application of the prescribed Practice.

Practice 4.5 The BNRC oversees the overall composition of the Boards and Board Committees in terms of appropriate size,
skills, gender diversity and the balance between Executive Directors, Non-Executive Directors and Independent
Directors through annual reviews.
The Board is mindful of appointing Directors who have diverse skills, experience, age and gender, and remains 147
committed to achieving at least 30% female representation on the Board whilst ensuring that overall diversity
remains a central feature.

During the financial year, Puan Noraini Che Dan is the sole woman director out of 5 members of the Board
representing 20%.
Practice 7.2 The Board decided not to disclose on a named basis, the top five (5) Senior Management’s remuneration
components including salary, bonus, benefit in-kind and other emoluments in bands of RM50,000. The Board
viewed that such disclosure would be disadvantageous to the Group’s business interests, in which the disclosure Adhering to the Best Governance Practices
of that sensitive information may resulted to excessive competition for talent in the banking industry.

The Company will closely monitor developments in the market in respect of such disclosure for future
consideration.

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This Corporate Governance Overview Statement was approved by the Board of Directors of BIMB Holdings Berhad on 14 April 2021.
Laying the Foundation for Financial Growth
Further information in the application of the practices captured in the Principles of MCCG during the financial year, please refer to the
CG Report 2020 which can be found in the Company’s website www.bimbholdings.com.

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Additional Information & Disclosure Summary

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24 th AGM Information