BIMB Integrated Annual Report 2017

CORPORATE GOVERNANCE OVERVIEW STATEMENT NOMINATION & REMUNERATION COMMITTEE CHAIRMAN’S OVERVIEW REPORT The NRC is pleased to present its report for the period under review to the shareholders of BHB. On 13 October 2016, the Nomination and Assessment Committee and Remuneration Committee were merged and later known as the Nomination and Remuneration Committee. The merger of the two (2) committees was for the purpose of expediency since the composition of the committees was the same. The responsibilities of the Nomination and Remuneration Committee are to ensure there is a formal and appropriate procedure on the appointment/ re-appointment of Directors and Senior Management, the Board and Senior Management’s remuneration, Board evaluation and effectiveness, review on the Board composition and succession planning for the Board and Management. In discharging its duties as highlighted in the above, the Nomination and Remuneration Committee had held five (5) meetings in 2017. The Nomination and Remuneration Committee is satisfied that it has discharged its responsibilities in accordance with the mandate given by the Board and its Terms of Reference (“ TOR ”). TAN SRI ISMAIL ADAM Chairman TAN SRI ISMAIL ADAM Chairman/Senior Independent Non-Executive Director The responsibilities of the Nomination and Remuneration Committee are to ensure there is a formal and appropriate procedure on the appointment/re-appointment of Directors and Senior Management, the Board and Senior Management’s remuneration, Board evaluation and effectiveness, review on the Board composition and succession planning for the Board and Management. 124 BIMB HOLDINGS BERHAD Integrated Annual Report 2017