BIMB Integrated Annual Report 2017

CORPORATE GOVERNANCE OVERVIEW STATEMENT BOARD TRAINING & DEVELOPMENT The Company recognises the value of enhancing the skills and knowledge of its Directors on relevant new laws and regulations, the changing business environment and risk profile, as well as the latest developments and key challenges in the financial sector. During the period under review, apart from the external trainings that were attended by the Directors, the Management has also organised in-house trainings on the New Companies Act 2016, Masterclass Shariah Training, Fund Transfer Pricing Training and briefing on impact of IFRS 17 on Takaful Industry as part of the Board’s Continuing Development, to enable them to discharge their responsibilities. Based on the said Directors’ Training policy, the list of trainings attended by the Directors is circulated to the Board. Details of the conferences, seminars and training programmes attended by each Directors in 2017 are disclosed in Section B of the CG Report. During the year under review, Puan Noraini Che Dan had completed her FIDE Core Programme within the stipulated period under the Directors’ Training Policy. The Company Secretary organised an induction programme for newly appointed Directors on the Company and its Group’s business and operations, corporate governance and reporting procedures. The Directors are briefed on the policies and procedures of the Board, as well as their rights and responsibilities as Directors. In addition, the Directors will receive a comprehensive information pack containing the Board Charter, the TOR, the Company’s Constitution, relevant Acts affecting the Company, the latest Annual Report, Code of Conduct and Code of Ethics in order to facilitate the discharge of their duties. New Board Members are provided with the opportunity to experience the Company’s operations first-hand and to meet and discuss all aspects of this with the Management. The induction session is also attended by key SeniorManagement, namely, the CEO, the Group Chief Financial Officer, the Group Chief Strategy Officer and the Group Company Secretary to assist newly appointed Directors to have an understanding on the Company’s core businesses and its whole operation. Apart from the operational briefing, the Management also organised separate briefing sessions with the Board of major subsidiaries to have an understanding of the business operation as well as challenges faced by them. The Company has a policy on Directors’ Training. The Directors’ Training Policy provides, amongst others, the following requirements:- (a) Newly appointed Director to undergo an induction programme by the Management where the Company’s governance structure, the key business and operations and important regulations and laws are highlighted. The induction programme is to be held as soon as practicable, no later than three (3) months upon the appointment of the Director; (b) To undergo and complete the Director’s Mandatory Accreditation Programme by Bursa Securities within four (4) months of his/her appointment; (c) To complete a core training programme under the Financial Institutions Directors’ Education Programme (“ FIDE ”) within one (1) year and the same to be completed within two (2) years upon the Director’s appointment to the Board; and (d) To attend at least two (2) trainings in the calendar year. 132 BIMB HOLDINGS BERHAD Integrated Annual Report 2017