BIMB Integrated Annual Report 2017

4 with the Company’s annual strategic and business plan. The Board reviews and deliberates on the Management’s views/ assumptions in ensuring the best decisions are reached after considering all relevant aspects. Based on the annual evaluation for the financial year under review, the Board collectively concurs that it has reviewed the Company’s strategic and financial plan as well as monitored its implementation, including the setting of suitable KPIs in achieving the Company’s objectives. made on the Corporate proposal tabled by the Management. Oversee and Evaluate the Conduct of the Company’s business The CEO is responsible for managing the day-to-day operations of the Company and implementing the Company strategies and policies as agreed by the Board. In doing so he is well supported by the Management. The performance of the Management is measured through the Company’s and Group’s quarterly financial reports. The Board, on a continuous basis, is well informed of the progress of the Company’s strategic initiatives and critical operational issues as well as of the Group’s performance. The Management tabled and updated the Board the performance and financial highlights of the Group on quarterly basis prior to submission of the financial results to the regulatory bodies. Identify and Manage Principal Risk The Board Risk Committee (“ BRC ”) assists the Board in overseeing the establishment, implementation and effectiveness of the risk management system. The BRC on behalf of the Board also During the year under review, six (6) BRC meetings were held. Apart from the members of the BRC, the BRC is also attended by the Chief Executive Officer, the Chief Strategy Officer, the Group Chief Financial Officer and the Group Company Secretary as well as the Chief Risk Officer of each key operating subsidiaries.