BIMB Integrated Annual Report 2017

29 Intended Outcome Board decisions are made objectively in the best interests of the company taking into account diverse perspectives and insights. Practice 4.3 - Step Up The board has a policy which limits the tenure of its independent directors to nine years. Application : Not applicable. Explanation on adoption of the practice : The Company now has a policy that limits an Independent Director to a maximum tenure of nine (9) years. However, an Independent Director who has served for nine (9) years, may, subject to the Shareholder’s and BNM’s approval, continue to serve the Company as an Independent Non-Executive Director. In any event, no Independent Director will continue to serve the Board for more than 12 years.