BIMB Integrated Annual Report 2017

7 Board Committees Roles and Responsibilities Audit and Examination Committee (“ AEC ”) Provide review and independent oversight of BHB’s financial reporting, internal as well as external audit programme, scope and plan and internal control system as well as ensuring check and balance within the Company. Nomination and Remuneration Committee (“ NRC ”) ✔ Establish a formal and transparent procedure for the appointment of directors, Chief Executive Officer, Board Committee members and key senior management personnel. ✔ Assess and evaluate the performance and effectiveness of the individual directors, independence of independent directors and members of the Board Committees as a whole. ✔ Recommending a framework of remuneration for directors and Board Committees. ✔ Ensure that the compensation structure is competitive and consistent with the Company’s culture, objectives and strategy. Board Risk Committee (“ BRC ”) ✔ Oversee the Group activities in managing Credit risk, Market risk, Liquidity risk, Operational risk, Legal risk, Shariah risk and other risks. ✔ Ensure that the risk management process is in place and functioning effectively. BHB has corporate governance framework in place and is committed to fostering a culture of compliance that values personal and corporate integrity, accountability and continuous improvement. Shareholders and the Board of Directors jointly provide oversight of the control and management of BHB. The ultimate decision making authorities rest with the shareholders at the Annual General Meeting where the re-appointment of the Board of Directors and re- appointment of External Auditors are approved amongst others. A midst an increasingly challenging business environment, the Board continuously strives to refine the company’s corporate governance practices and processes to meet the challenges head-on, to ensure that the group competitive edge remains undiminished. Testament to the Board’s unwavering commitment in the area of corporate governance, BHB has received the following awards:-