Details of the Board meetings convened during the financial year under review are as follows: BOARD APPOINTMENT The BNRC plays a major role in the nomination and selection process of potential candidates for appointment to the Board of Bank Islam. The Board adheres to a formal, transparent and rigorous process when appointing Directors, as follows: Identification of candidates Engagement with candidates Stage 1 Stage 3 Stage 2 Stage 4 Deliberation by the BNRC Recommendation to the Board In selecting new Directors, the Board looks at its current composition, the tenure of each Director and their performance to assess if new skills and perspectives are BOARD BFRC BAEC BSSC BRC BITC BNRC No. of meetings 12 Total meeting hours 42 hours Average time spent on Each Meeting 3 hours and 50 minutes Total No. of Agenda 185 No. of meetings 15 Total meeting hours 35 hours Average time spent on Each Meeting 2 hours and 33 minutes Total No. of Agenda 198 No. of meetings 8 Total meeting hours 25 hours and 45 minutes Average time spent on Each Meeting 3 hours and 13 minutes Total No. of Agenda 83 No. of meetings 6 Total meeting hours 21 hours and 50 minutes Average time spent on Each Meeting 3 hours and 38 minutes Total No. of Agenda 37 No. of meetings 15 Total meeting hours 49 hours and 55 minutes Average time spent on Each Meeting 3 hours and 19 minutes Total No. of Agenda 188 No. of meetings 8 Total meeting hours 22 hours and 10 minutes Average time spent on Each Meeting 2 hours and 46 minutes Total No. of Agenda 55 No. of meetings 7 Total meeting hours 14 hours and 05 minutes Average time spent on Each Meeting 2 hours Total No. of Agenda 54 required to support the Bank’s goals and objectives. In assessing candidates for new appointments, the BNRC considers the diversity of skills, knowledge and experience, as well as the gender of candidates, but more importantly, his/her ability to act independently in ensuring the highest standards of corporate governance are maintained. Once a potential candidate has been shortlisted for recommendation, the Company Secretary will conduct comprehensive background checks, including checks on financial and character integrity. The Company Secretary will also arrange for the BNRC to meet with the candidates to enable the BNRC to make its assessment and subsequently makes its recommendation to the Board. The selection criteria that BNRC refers to is based on competencies and attributes required under Bank Islam’s Policy on Fit and Proper Criteria for Key Responsible Persons, BNM Corporate Governance Policy, MMLR of Bursa Securities 221 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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