✓ Management & Talent Development: Covers competency models, future leaders, succession planning and re-appointment of senior officers, including the GCEO. ✓ Performance & Rewards: Related to performance appraisals, setting KPIs, and reviewing total rewards and ratings. ✓ Conflict of Interest & External Commitments: Includes assessing potential conflicts of interest and external professional commitments of Directors and Management. BNRC Priorities for FY2025: The BNRC has identified the following priorities and key focus areas for FY2025: i. Strengthening succession planning for the Board and Management to align with Bank Islam’s future plan. ii. Enhancing ESG-linked remuneration for the Board and Management. iii. Setting clear targets and parameters for FY2025 to enhance Board Evaluation and support effective performance by Board members. iv. Rotation in Board composition following new appointments. d) Board Financing Review Committee (BFRC) No. of meetings 15 Attendance 100% BFRC Key Roles: • Review all investment and financing/credit related proposals that exceed the limits of the Underwriting and Investment Committee or Financing Committee. • Review the status of major recovery and rehabilitation accounts. The BFRC deliberated on 198 agenda items during FY2024, focusing on the following key areas: ✓ Investment and financing/credit related application. ✓ Connected party/connected party transactions. BRC Priorities for FY2025 The BRC has identified the following priorities and key focus areas for FY2025: i. Tightening the control measures on technology and cyber risk. ii. Enhancing climate risk management. iii. Monitoring credit exposure especially in retail and corporate sectors. c) Board Nomination and Remuneration Committee (BNRC) No. of meetings 7 Attendance 100% BNRC Key Roles: • Recommend to the Board the appointments and removals, composition, performance evaluation & development and fit & proper assessments concerning the Board, the Shariah Supervisory Council (SSC) members and Management including the Company Secretary, organisation structure and policies related to directors and SSC. • Oversees the design and operation of Bank Islam’s remuneration system and periodically review the remuneration of the Board, the SSC members, key senior management personnel and such other personnel as determined by the Board. • Oversees the talent management and succession plan for key Management positions and the Board and appointment of directors and GCEO of the Group. The BNRC deliberated on 54 agenda items during FY2024, focusing on the following key areas: ✓ Board Composition & Governance: Includes reviewing the Board size, succession plans, committee rotations, Director appointments, re-elections and governancerelated criteria. ✓ Shariah Supervisory Council (SSC) Matters: Focused on SSC member appointments, evaluations and actionable improvement plans. 219 www . b a n k i s l am. c om 01 02 03 04 05 06 07 ACCOUNTABILITY 08 09
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