BIMB Integrated Annual Report 2017

8 2017 MALAYSIAN NATIONAL ANNUAL CORPORATE REPORT AWARDS (NACRA) • Certificate of Merit recipients in Annual Report MINORITY SHAREHOLDER WATCHDOG GROUP (MSWG) • Top 20 Merit award for overall Corporate Governance and Performance • Top 20 Merit award for Corporate Governance Disclosures ASIA SUSTAINABILITY EXCELLENT AWARD 2017 • Best Sustainability Strategies • Best Sustainability Report THE EDGE BILLION RINGGIT CLUB CORPORATE AWARDS 2017 • Silver, Highest Growth in Profit after Tax in 3 years – Finance Sector (below RM10 Billion Market Cap) Subsidiary Governance The Board operates on the basis that each subsidiaries is a separate and distinct legal entity, which is required to comply with the local laws and regulation that it operates within. The Board plays the role of a shareholder and maintains control and oversight through the appointment and removal of the directors on the board of the subsidiaries. The Board may appoint a member of the Board as a director on each major subsidiary, which ensures continuous flow of information and promotes alignment to the Group’s strategic directions. While lines of reporting are maintained to the Group, the Boards of each entity remained as the final approving authority. Board Charter BHB has developed its Board Charter, which set out the key corporate governance principals adopted by the Company. It clearly defined the roles and responsibilities of the Board, Chairperson, Senior Independent Non-Executive Director and Chief Executive Officer (“ CEO ”) in the areas of strategies setting, management of company, succession planning, risk management, integrity of internal controls and communication plan. The Board Charter served as a focal reference on governance and provides guidance to the Board in the assessment of its performance. The Board Charter contains broad principles and requirements on the Board’s governance in accordance with the principles of good corporate governance as set out in the recommendation and guidelines issued by the relevant regulatory authorities. The Board Charter addresses the following pertinent matters:- i. Board Conduct; ii. Duties and responsibilities; iii. Power of the board; and iv. Board Effectiveness.