BIMB Integrated Annual Report 2019

131 BIMB HOLDINGS BERHAD 199701008362 (423858-X) Shareholders’ Information Financial Statements Additional Information Disclosure Summary BOARD ACTIVITIES The business and affairs of the Group are managed under the direction and oversight of the Board, who also has the responsibility to periodically review and approve the overall strategies, business, performance and significant policies of BHB. The roles and responsibilities of the Board are set out in the Company’s Board Charter which are available on BHB’s corporate website. Among the key activities of the Board during FY2019 were as follows: Strategy Reviewed and deliberated the following updates and strategy papers: • Business strategy, budget for financial year ending 2019 and projections for BHB, key operating subsidiaries and its wholly owned subsidiaries; • Indicative share valuation of BHB’s subsidiaries, excluding Syarikat Takaful Malaysia Keluarga Berhad; • Update on Project Caliph (Corporate Restructuring Exercise of BHB Group); • Quarterly financial report and Related Party Transaction and Related Party Balances for BHB and its Group; • Zakat computation for BHB and its Group; • Proposed Dividend Reinvestment Plan by BHB; • Proposed Renewal of Directors’ and Officers’ Liability Insurance; • Proposed Renewal of Group Term Family Takaful and Group Personal Accident Takaful for Directors; • Proposed Interim Single Tier Dividend for the Financial Year Ending 31 December 2019; and • Session with BHB’s nominees director as well as the Chief Executive Officer of the Key Operating Subsidiaries on quarterly basis. Risk, Compliance and Oversight Reviewed and deliberated the following reports and approval papers: • Updated proposed audit fees from External Auditors; • Notification on the 34 th AGM of Syarikat Takaful Malaysia Keluarga Berhad; • Proposed Adoption of the new Constitution of BHB; • Shariah Review Report on BHB and its subsidiaries (BIMB Securities (Holding) Sdn. Bhd. and Syarikat Al-Ijarah Sdn. Bhd.); • Proposed Revision to Authority Limit and Procurement Policies; • Management Representation Letter to PricewaterhouseCoopers; • Application to Authorities in relation to the Proposed Dividend Reinvestment Plan; and • Notification on the Implementation of National Anti-Corruption Plan (“ NACP ”) in BHB and Bank Islam Malaysia Berhad.