BIMB Integrated Annual Report 2017

CORPORATE GOVERNANCE OVERVIEW STATEMENT BHB’S GOVERNANCE FRAMEWORK Shareholders Board of Directors Audit & Examination Committee (“ AEC ”) MFRS 9 Committee Independent Assurance Internal and External Auditors Nomination & Remuneration Committee (“ NRC ”) Chief Executive Officer (“ CEO ”) Board Risk Committee (“ BRC ”) Group Risk Management Committee Management Authority Matrix Policies Shariah Supervisory Council Sustainability Steering Committee Vision, Mission, Value Standard Operation Procedure (SOP) Group Company Secretary and Regulatory Compliance BHB has corporate governance in place and is committed to fostering a culture of compliance that values personal and corporate integrity, accountability and continuous improvement. Shareholders and the Board of Directors jointly provide oversight of the control and management of BHB. The ultimate decision making authorities rest with the shareholders at the Annual General Meeting where the re-appointment of the Board of Directors and re-appointment of External Auditors are approved amongst others. The Board is accountable to the shareholders for the performance of the Company. It directs and monitors the business and affairs of the Company on behalf of shareholders and is responsible for the Company’s overall corporate governance. It oversees and appraises BHB’s overall strategy objectives, direction and performance some of which are delegated to the Board Committees. 92 BIMB HOLDINGS BERHAD Integrated Annual Report 2017