The findings and evaluation results were reviewed by the BNRC on 21 January 2025 and were subsequently presented to the Board on 28 January 2025. The overall results of the BEE were positive on all evaluated areas reflecting strong performance by the Board, Board Committees and individual Directors in discharging their duties. Key strengths identified from the BEE exercise include the following: Board Composition Directors maintained a delicate balance in group alignment, effectively avoiding conflicts and addressing issues that affect the Bank in various ways. Board Dynamic The Board is dynamic and receptive to changes in its composition, actively supporting the strategic objectives of the Bank. Sufficient Knowledge The Board is well-equipped with sufficient knowledge and relevant information, enabling informed decisionmaking. Understanding of COI The Board demonstrates a clear understanding of conflict of interest (COI) and manages COI effectively, ensuring decisions are made in the best interest of the Bank. Succession Planning for top management The Board has identified leadership gaps and ensures effective succession planning, appointment, training, and motivation of the GCEO and GMEC members, fostering strong leadership continuity. Aside from the above, several areas of oversight were identified to be the areas of focus and priority for 2025, which include amongst others: i. Strategic Alignment with Post-LEAP 25 Goals. ii. Diverse Expertise in Critical Areas within Board composition. iii. Tech-Driven Transformation & Risk Management. iv. Prioritise ESG & Climate Change Risk Management. The action plans for areas that require attention will be developed and presented to the Board for review. All action items arising from the BEE for FY2024 will be monitored consistently by the BNRC and the Board until their completion based on the agreed deadline. Our Sustainability Commitment The Board is cognisant that banking sustainability involves strategic planning and execution of banking operations and business activities while taking into account the ESG impact. For Bank Islam, ESG provides a framework that aligns the core values of Islamic banking. As a financial entity, ESG is about deepening our commitment to these Islamic banking principles to drive sustained success for the Group. Our purpose is to support society’s financial needs in a responsible and ethical manner, anchored on Islamic values. The Bank’s approach to sustainability is shaped by our commitment to integrate proactively ESG considerations in our business decisions and in managing our people and operational impacts. Our vision of for sustainable growth has been translated into initiatives that are embedded in our business strategy to deliver enhanced long-term returns to or shareholders across the entire value chain creating sustainable returns for shareholders and making positive lasting impact on the communities in which we operate, economy and nation. It is about investing the long-term growth and future of the Group and stakeholders. For the Group, ESG issues are a business imperative as we strive to become more resilient, agile and sustainable. The Board ensures that embedding ESG is not undertaken in isolation and is at the core of how the Bank identifies its challenges, risks and opportunities. ESG considerations, including climate-related risks and anti-bribery/corrupt practices are embedded into our strategies, business and operations. The Board’s actions and decisions reflect a commitment to the highest standards of ESG proactivity. Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2024 226 Corporate Governance Overview Statement
RkJQdWJsaXNoZXIy NDgzMzc=