Our core objective of creating sustainable value for all our stakeholders has, as we move forward, enabled us to redefine our growth strategy and embraced innovative methods to sustain the resilience of our business. In our transformation journey, we have focused on driving sustainability, pursuing new opportunities, accelerating digital initiatives and enhancing efficiency. Robust processes, controls and governance are in place to ensure transparent disclosures. The Board is responsible for overseeing the effectiveness of policies, procedures and systems in place for ESG monitoring and reporting. The well-being of our customers, employees and various stakeholders is crucial to sustaining our long-term performance. The Board considers social capital as one of the most important assets that we have which enables us to work towards the sustainable growth of the capital market. We deem integration as a component of the Board’s fiduciary responsibility. The Group’s Sustainability Framework serves as the overarching document defining the Group’s commitment, outlining the sustainability mission, principles, goals, targets, governance and approach to the Group’s activities. It is supported by other Group policies and procedures that reflect specific aspects of sustainability that are aligned with the Group’s core values. The Framework is aligned with the MMLR of Bursa Securities and global reporting initiative standards, United Nations Sustainable Development Goals as well as BNM’s Value-based Intermediation (VBI) principles. To ensure sound governance on sustainability, the Board Strategic and Sustainability Committee oversees the Group’s overall strategy on sustainability and reviews the effectiveness of the strategies and practices in place. Our Sustainability Statement for FY2024 can be found from pages 108-185 of this Integrated Annual Report 2024. The Report provides an overview of our approach towards managing our stakeholder-relevant ESG topics, goals and performances. The Report also outlines our progress in integrating strategies, business practices and services to provide long-term value to our stakeholders as we continue to innovate in the marketplace. Directors’ Indemnity Bank Islam provides and maintains indemnification for its Directors throughout the financial year under review as allowed under the CA 2016 to the extent it is insurable under the Directors and Officers Liability Insurance (D&O) incurred by them in discharging their duties while holding office as Directors and Officers of Bank Islam. Total Amount (per annum) (RM) BOARD BRC BAEC BNRC BFRC BITC BSSC Chairman 240,000.00 90,000.00 48,000.00 18,000.00 24,000.00 24,000.00 24,000.00 Member 72,000.00 72,000.00 36,000.00 12,000.00 18,000.00 18,000.00 18,000.00 Sitting Fee (per meeting) (RM) Chairman 5,000.00 Member 3,000.00 REMUNERATION Board of Directors Directors’ remuneration is governed by the Group’s Directors’ Remuneration Framework in line with Practice 7.1 of the MCCG. The Remuneration Framework consists of Directors’ fees, Board Committee allowances, meeting allowances, Chairman allowance and benefits-in-kind. The Remuneration Framework for Bank Islam’s NEDs are as follows: A. Retainer and Sitting Fees 227 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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