BIMB Integrated Annual Report 2017

11 Intended Outcome Every company is headed by a board, which assumes responsibility for the company’s leadership and is collectively responsible for meeting the objectives and goals of the company. Practice 1.2 A Chairman of the board who is responsible for instilling good corporate governance practices, leadership and effectiveness of the board is appointed. Application : Applied. Explanation on application of the practice : Since 2007, former Chairman Tan Sri Samsudin Osman, an Independent Non-executive Chairman, who retired on 31 January 2018 headed the Board that catalysed BHB and the Group’s successful transformation and series of pioneering milestones thereafter. Tan Sri Samsudin Osman has ably steered the company to be recognised as Malaysia’s first and only Islamic FHC. Currently he is the Chairman of the Employees Provident Fund Board and also a Director of Sime Darby Berhad. He was formerly the Chief Secretary of the government of Malaysia from 2001 until 2006 and President of Putrajaya Corporation from 2006 until 2012. Tan Sri Samsudin Osman vast working experience and credential has effectively contributed towards enhancing the Board’s role in meeting the Group’s strategic and corporate objectives as well as strengthening governance of the Company. Based on the annual evaluation and independence assessment of the Directors conducted in 2017, Tan Sri Samsudin Osman had scored full mark in terms of Directors’ professionalism, experience, material relationship, competency and commitment in performing their respective duties. Further, to show his exemplary commitment in steering the Board, Tan Sri Samsudin Osman had attended all ten (10) Board Meetings held in the Financial Year Ended 31 December 2017. In February 2018, following the retirement of the former Chairman, Tan Sri Samsudin Osman, BHB had appointed Tan Sri Ambrin Buang as its new Independent Non-Executive Chairman, with effect from 2 February 2018. Tan Sri Ambrin Buang holds a Degree in Economics from University of Malaya and a Master in International Business from University of south Carolina, USA. Details of Tan Sri Ambrin Buang present and previous working experiences are disclosed in the Profile of directors section of the Integrated Annual Report. His vast working experience in the public service and corporate sector is essential in contributing to the positive development of BHB and its subsidiaries. The Chairman’s role and responsibilities has been clearly specified in the Board Charter which is available on the Company’s website www.bimbholdings.com .