BIMB Integrated Annual Report 2017

13 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 1.3 The positions of Chairman and CEO are held by different individuals. Application : Applied . Explanation on application of the practice : The roles and responsibilities of the Chairman and the Chief executive Officer (“ CEO ”) are distinct and separate. This is to ensure appropriate supervision of the Management, with a clear hierarchical structure. Our former Chairman Tan Sri Samsudin Osman, retired on 31 January 2018. Tan Sri Ambrin Buang currently helms the Board of Directors as Chairman. He provides leadership and manages the Board in meeting the group’s strategic and corporate objectives as well as strengthening governance of the Company. Our former Group Chief Executive Officer and Managing Director of Bank Islam, Dato’ Sri Zukri Samat who retired on 9 June 2017 had brought together a highly talented management team grounded on ethical conduct and laid the groundwork for effective talent management and succession initiatives. In this respect, Encik Khairul Kamarudin was appointed as the Chief Executive Officer (“ CEO ”) effective on 9 August 2017. He is also the CEO of Bank Islam Malaysia Berhad. Details of his qualification, present and previous working experiences are disclosed in the CEO of the Group section of the Integrated Annual Report. The CEO has the overall executive responsibility for the day-to-day operations of the Company which includes implementing the policies and strategies adopted by the Board, keeping the Board fully informed of all important aspect of the Company’s operation and ensuring sufficient information is disseminated to the Board members. The role and responsibilities of the CEO is contained in the Board Charter which is available on the Company’s website www.bimbholdings.com . This distinction allows for a better understanding and distribution of jurisdictional responsibilities and accountabilities. This clear structure and approach facilitates efficiency and expedites informed decision- making.