BIMB Integrated Annual Report 2017

25 Intended Outcome Board decisions are made objectively in the best interests of the company taking into account diverse perspectives and insights. Practice 4.1 At least half of the board comprises independent directors. For Large Companies, the board comprises a majority independent directors. Application : Applied. Explanation on application of the practice : The Board of BHB currently consists of six (6) Non-Executive Directors. Four (4) are Independent Non-Executive Directors, including the Chairman, whilst two (2) are Non-Independent Non-Executive Directors whom are nominees of Lembaga Tabung Haji. Board Composition: Tan Sri Ambrin Buang Independent Non-Executive Chairman Tan Sri Ismail Adam Senior Independent Non- Executive Director Encik Mohd Tarmidzi Ahmad Nordin Independent Non-Executive Director Puan Noraini Che Dan Independent Non-Executive Director Datuk Rozaida Omar Non-Independent Non- Executive Director Puan Rifina Md Ariff Non-Independent Non- Executive Director The Independent Directors make up more than half of the Board, as recommended by the MCCG 2017 and in compliance with the Listing Requirements and BNM CG Policy. They constitute 66.6% of the Board. BHB recognises the important contribution of the Independent Directors. The presence of majority Independent Directors within the current Board facilitates an effective and independent oversight over the Management providing the necessary checks and balances in ensuring the Company operates in a safe and sound manner. To ensure the independence of the Independent Directors is maintain at all time, all Independent Directors are required to declare their independence on a monthly basis. Through the annual evaluation and independence assessment of the Directors, the Independent Non-Executive Directors are also assessed on their ability to provide strong, valuable contributions to the Board’s deliberations, without interference and acting in the best interest of BHB.