BIMB Integrated Annual Report 2017

CORPORATE GOVERNANCE OVERVIEW STATEMENT CHAIRMAN’S CORPORATE GOVERNANCE (“CG”) OVERVIEW REPORT Our CG is a reflection of our value, system and compassing our culture, policies and relationship with our stakeholders. Integrity and transparency are key to our CG practices to ensure that we gain and retain the trust of our stakeholder at all times. BHB is subject to an extensive range of legal, regulatory and governance requirements and is committed to observing the requirements applicable to publicly listed companies in Malaysia. The Board is conscious that best practice in the area of CG is evolving continuously and will therefore continue to response to further CG development. The Board is responsible for the leadership, oversight, control, development and long-term success of BHB and Group and also for instilling the appropriate culture, values and behaviour throughout the organisation. Our Board is satisfied that our current Board composition provides the appropriate balance in terms of skills, knowledge and experience to promote the interests of all stakeholders and to govern our Company effectively. Our governance processes, culture of integrity and openness, and a diversity of perspective continue to support the Board in delivering a sustainable and successful BHB Group. The Board Committees continue to play a vital role in supporting the Board. The Company’s governance framework is shown on page 92. The Board is receptive to Bursa Malaysia Securities Berhad’s enhanced corporate governance disclosure requirements which are set out in Para 15.25 and Practice Note 9 of the Main Market Listing Requirements, which was introduced in line with the Malaysian Code of Corporate Governance 2017 (“ MCCG 2017 ”). Pursuant to these disclosure requirements, the Board has taken the necessary steps to set out a summary of the Company’s corporate governance practices during FY2017 in this Corporate Governance Overview Statement (CG Overview Statement). In addition, the application of each of the Practices set out in the MCCG 2017 is disclosed in our Corporate Governance Report (CG Report). TAN SRI HAJI AMBRIN BUANG Chairman TAN SRI HAJI AMBRIN BUANG Chairman/Independent Non-Executive Director The Board is conscious that best practice in the area of CG is evolving continuously and will therefore continue to response to further CG development. This CG Overview Statement is prepared in compliance with Bursa Malaysia Securities Berhad Main Market Listing Requirements and is to be read together with the CG Report 2017 of the Company which is available on BIMB Holdings Berhad’s website: http://www.bimbholdings.com/about-us/corporate- governance/Corporate-Governance-Overview-statement/CG- report-2017 The CG Report 2017 provides the details on how the Company have applied each Practice as set out in the MCCG 2017 during the financial year 2017. 90 BIMB HOLDINGS BERHAD Integrated Annual Report 2017