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Corporate Governance - Life Insurance
General Insurance
CORPORATE GOVERNANCE

Constitution of the Company

Board of Directors Charter

Anti-Bribery and Corruption Policy

 

Whistleblowing Programme

 

Details on Board Composition
Board of Directors

 

Board Committees Composition (as at 1 January 2022)
 
Board Committee Composition
Board Audit Committee
Mr David Siew (Chairman)
Mr Ng Hon Soon
Mr Ou Shian Waei
Board Nominations and Remuneration Committee
Mr Tan Yam Pin (Chairman)
Mr Norman Ip
Mr Koh Poh Tiong
Board Risk Management Committee
Mr Ng Hon Soon (Chairman) 
Mr Norman Ip
Mr Ou Shian Waei

 
 
Appointments, Resignations and Removals of Directors during the Financial Year 2021 (as at 1 January 2022)
 
NIL
 
 
 
Training and Education Provided to the Board during the Financial Year 2021 (as at 1 January 2022)
 
The Company has in place an In-House Orientation Programme for newly appointed Directors to familiarize themselves with its operations. The Directors are provided with the opportunity for relevant training programmes on an ongoing basis in areas relating to financial industry for them to keep abreast with the latest developments in the industry including the Financial Institutions Directors’ Education (“FIDE”) Core Programme which promotes high-impact Boards by strengthening Board competencies in dealing with corporate governance, risk management and strategic issues faced by the financial services industry.
 
During the financial year, the Directors, collectively or on their own, attended seminars, courses and briefing organized by professional bodies and regulatory authorities as well as those conducted in-house, among others as follows:
 

·        Board Educational Series:

Ø Asset-Liability Management

Ø Cybersecurity Trends: Keeping Up with 2021 New Normal

Ø Environmental, Social and Governance

Ø  IT Security Roadmap

Ø  Responsible Investments

Ø  Sanctions Screening and Getting Ready for Dawn Raids

Ø  Security Operations Centre & Security Monitoring

 

·        Webinar:

Ø  Annual Dialogue with Governor of Bank Negara Malaysia

Ø  Artificial Intelligence (AI) For Company Directors and Executives

Ø  BNM-FIDE FORUM-MASB Dialogue on MFRS17 Insurance Contracts: What Every Director Must Know

Ø  BNM-FIDE FORUM Dialogue on RMiT Implementation

Ø  BNM-FIDE FORUM Dialogue on Risk Management in Technology (RMiT): Insights 1 year on

Ø  BNM-FIDE FORUM Dialogue: Risk-Based Capital Framework for Insurers and Takaful Operators

Ø  BNM-FIDE FORUM Dialogue: The Future of Malaysia's Financial Sector

Ø  BNM-FIDE FORUM Dialogue: The Role of Independent Director in Embracing Present and Future Challenges

Ø  BURSA-FIDE FORUM Dialogue on Sustainability

Ø  Dawn Raid: Don’t Be Caught Unprepared

Ø  FIDE FORUM’s Board Effectiveness Evaluation Industry Briefing (Session 1)

Ø  Focus Group Discussion for BNM-FIDE FORUM Dialogue (Session 1)

Ø  Focus Group Discussion for BNM-FIDE FORUM Dialogue (Session 2)

Ø  JC3 Annual Flagship Conference: #FinanceForChange

Ø  Rethinking Our Approach to Cyber Defence in FIs

Ø  SC-FIDE FORUM Dialogue on Capital Market Masterplan 3

Ø  The Board's role and responsibilities in Crisis Communication

Ø  The 2050 Net Zero Carbon Emissions Target: Finance’s Role

 

Number of Meetings convened by Board and Board Committees in Financial Year 2021 (as at 1 January 2022)
Board  12
Board Nominations and Remuneration Committee 7
Board Audit Committee 6(1)
Board Risk Management Committee 9

(1) The Board Audit Committee Meetings included 1 Joint Board Audit Committee - Board Risk Management Committee Meeting

CORPORATE GOVERNANCE

Constitution of the Company

Board of Directors Charter

Anti-Bribery and Corruption Policy

Whistleblowing Programme

Details on Board Composition

Board of Directors

Board Committees Composition (as at 4 January 2022)

Board Committee Composition
Board Audit Committee Mdm Tan Fong Sang (Chairman)
Mr Norman Ka Cheung Ip
Ms Mimi Ho
Board Nominations and Remuneration Committee Mr Koh Poh Tiong (Chairman)
Mr Norman Ka Cheung Ip
YBhg Datuk Kamaruddin Bin Taib
Board Risk Management Committee YBhg Datuk Kamaruddin Bin Taib (Chairman)
Mr Michael Lai
Ms Mimi Ho


Appointments, Resignations and Removals of Directors during the Financial Year 2021 (as at 4 January 2022)

NIL

Training and Education Provided to the Board during the Financial Year 2021 (as at 4 January 2022)

The Company has in place an In-House Orientation Programme for newly appointed Directors to familiarize themselves with its operations. The Directors are provided with the opportunity for relevant training programmes on an ongoing basis in areas relating to financial industry for them to keep abreast with the latest developments in the industry including the Financial Institutions Directors’ Education (“FIDE”) Core Programme which promotes high-impact Boards by strengthening Board competencies in dealing with corporate governance, risk management and strategic issues faced by the financial services industry.

During the financial year, the Directors, collectively or on their own, attended seminars, courses and briefing organized by professional bodies and regulatory authorities as well as those conducted in-house, among others as follows: 

  • Board Educational Series: 
    • Cybersecurity Trends: Keeping Up with 2021 New Normal
    • Environmental, Social and Governance
    • IT Security Roadmap
    • Responsible Investments
    • Sanctions Screening and Getting Ready for Dawn Raids
    • Security Operations Centre & Security Monitoring
    • What, Why and How of Reinsurance in General Insurance
  • Webinar:
    • Annual Dialogue with Governor of BNM
    • Artificial Intelligence (AI) for Company Directors and Executives
    • BNM-FIDE FORUM-MASB Dialogue on MFRS17 Insurance Contracts: What Every Director Must Know
    • BNM-FIDE FORUM Dialogue on RMiT Implementation
    • BNM-FIDE FORUM Dialogue on Risk Management in Technology (RMiT): Insight 1 year on
    • BNM-FIDE FORUM Dialogue: Risk-Based Capital Framework for Insurers and Takaful Operators
    • BNM-FIDE FORUM Dialogue: The Future of Malaysia's Financial Sector
    • BNM-FIDE FORUM Dialogue: The Role of Independent Director in Embracing Present and Future Challenges
    • Board's Role in the Changing World of Work
    • BURSA-FIDE FORUM Dialogue on Sustainability
    • Climate Change: Impact on Banks & Role of the Board
    • Digital Transformation Executive Program
    • FIDE FORUM's Board Effectiveness Evaluation Industry Briefing (Session 1)
    • Governance in Groups
    • Rethinking Our Approach to Cyber Defence in FIs
    • Risk Management in Technology (RMiT) & Digital Transformation: What they mean for Governance and Strategy of Bank and Insurance Boards?
    • SC's Audit Oversight Board Conversation with Audit Committees
    • SC-FIDE FORUM Dialogue on Capital Market Plan 3
    • The Board's role and responsibilities in Crisis Communication
    • The 2050 Net Zero Carbon Emissions Target: Finance's Role
    • Understanding Board Decision-Making Process    

Number of Meetings convened by Board and Board Committees in Financial Year 2021 (as at 4 January 2022)

Board 8
Board Nominations and Remuneration Committee 5(1)
Board Audit Committee 6
Board Risk Management Committee 6

(1) The Board Audit Committee Meetings included 1 Joint Board Audit Committee – Board Risk Management Committee Meeting.

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Great Eastern Holdings Ltd | Great Eastern Life Assurance Co Ltd | Great Eastern General Insurance Ltd
Great Eastern Holdings Ltd | Great Eastern Life Assurance Co Ltd | Great Eastern General Insurance Ltd