BFRC Priorities for FY2025 The BFRC will remain to be vigilant in assessing credit proposals. e) Board Strategic and Sustainability Committee (BSSC) No. of meetings 6 Attendance 100% BSSC Key Roles: • Oversees, supervises and monitor the implementation of identified key strategic and sustainability matters (including climate opportunities), and any corporate exercises involving the Group. The BSSC deliberated on 37 agenda items during FY2024, focusing on the following key areas: ✓ Strategic and Financial Plans: Includes reviews of the Corporate Scorecard, Proposed Business Plan for FY2025, Moving Forward Strategy, Strategic Focus Post-2025, recalibrated Sustainable Finance Targets, CDX Progress Updates, and Be U New Revenue Strategy. ✓ Product and Service Offerings: Focuses on Tawarruq Offerings progress and Social Finance Plan for 2024. ✓ Performance and Initiatives: Covers Year-to-Date (YTD) performance, catch-up strategies for Lines of Business (LOBs), and Bank Islam Culture Excellence Initiatives. ✓ Joint Ventures and Collaborations: Explores the proposed Joint Venture (JV) with a Strategic Partner. BSSC Priorities for FY2025 The BSSC has identified the following priorities and key focus areas for FY2025: i. Reviews of the Corporate Scorecard FY2025, Key Focus Areas (Customer Acquisition, Monetising Strengths, Banking Model, Capitalising Opportunities and Growth Approach), and the Proposed Budget FY2026 & Projection FY2027–2030 (New 5-Year Roadmap). ii. Focused on the Group Sustainability Policy and Year-End Review of Sustainability KPIs and Performance against Target. iii. Review of Business & Strategy Risk for 2H2024. f) Board Information Technology Committee (BITC) No. of meetings 8 Attendance 95.83% BITC Key Roles: • Assists the Board in overseeing the implementation of strategies of Information Technology (IT) and digitalisation activities of the Group including e-banking initiatives of Bank Islam. The BITC deliberated on 55 agenda items during FY2024, focusing on the following key areas: ✓ IT Budget and Project Updates: Includes reviews of the Bank-wide IT Budget, Group Digital Project Update, and System Replacement Project. ✓ IT Frameworks, Policies, and Compliance: Covers IT-related frameworks, the RMiT Compliance Report, BNM IT CRR Updates, and the Testing Center of Excellence (CoE) Approach. ✓ Technology and Engineering Strategies: Focused on CI/CD Engineering Principles, Enterprise Data Architecture, and the Data Lake Platform Implementation Approach. ✓ Audits and Improvements: Includes the Summary of IS Audits and Unresolved Audit Findings, as well as Group Digital Improvement Initiatives. BITC Priorities for FY2025 The BITC has identified the following priorities and key focus areas for FY2025: i. Next Phase of the IT Blueprint. ii. Artificial Intelligence (AI) and GenAI. iii. Cloud-On Prem Operating Model & Migration. Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2024 220 Corporate Governance Overview Statement
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