Corporate Governance | General & Life Insurance

Corporate Governance - Life Insurance

General Insurance

CORPORATE GOVERNANCE

Constitution of the Company

Constitution of the Company

Board of Directors Charter

Board of Directors Charter

Anti-Bribery and Corruption Policy

Anti-Bribery and Corruption Policy

Whistleblowing Programme

Whistleblowing Programme

Details on Board Composition
Board of Directors

Board Committees Composition (as at 14 September 2023)

Board Committee	Composition
Board Audit Committee	Mr Siew Kah Toong (Chairman) Mr Ng Hon Soon Mr Ou Shian Waei
Board Nominations and Remuneration Committee	Mr Tan Yam Pin (Chairman) Mr Norman Ip Mr Foong Soo Hah
Board Risk Management Committee	Mr Ng Hon Soon (Chairman) Mr Norman Ip Mr Ou Shian Waei Mr Foong Soo Hah

Appointments, Resignations and Removals of Directors during the Financial Year 2023 (as at 14 September 2023)

Mr Koh Poh Tiong (resigned w.e.f. 15 May 2023)

Training and Education Provided to the Board during the Financial Year 2023 (as at 14 September 2023)

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:

Ø FIDE FORUM Dialogue: Can America Stop China's Rise? Will ASEAN Be Damaged?

Ø BNM-FIDE FORUM Roundtable on Licensing and Regulatory Framework for Digital Insurers and Takaful Operators Exposure Draft

Ø BNM-FIDE FORUM Special Interest Group Discussion on Licensing & Regulatory Framework for Digital Insurers and Takaful Operators Exposure Draft

Ø FIDE FORUM-ICA: Understanding the Impact of Digital Transformation in the Financial Industry: What Board Members Need to Know

Ø Owners and Ownership: Beneficial Ownership – Who is Behind that Legal Person

Ø Cross Currents of Headwinds and Tailwinds

Ø Fiduciary Duty on Climate Risk Management

Ø Navigating MFRS 17: Transition, Parallel Runs, and Other Updates

Ø Cybersecurity for Cloud

Ø Standing Limits in Managing Financial Risk

Number of Meetings convened by Board and Board Committees in Financial Year 2023 (as at 14 September 2023)

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

⁽¹⁾The Board Audit Committee Meetings included 2 Joint Board Audit Committee – Board Risk Management Committee Meeting

CORPORATE GOVERNANCE

Constitution of the Company

Constitution of the Company

Board of Directors Charter

Board of Directors Charter

Anti-Bribery and Corruption Policy

Anti-Bribery & Corruption Policy

Whistleblowing Programme

Whistleblowing Programme

Details on Board Composition

Board of Directors

Board Committees Composition (as at 10 August 2023)

Board Committee	Composition
Board Audit Committee	Mdm Tan Fong Sang (Chairman) Mr Norman Ka Cheung Ip Ms Mimi Sze Ho
Board Nominations and Remuneration Committee	YBhg Datuk Kamaruddin Bin Taib (Chairman) Mr Norman Ka Cheung Ip Mdm Tan Fong Sang
Board Risk Management Committee	YBhg Datuk Kamaruddin Bin Taib (Chairman) Mr Lai Chin Tak Ms Mimi Sze Ho Mr Tong Hon Keong

Appointments, Resignations and Removals of Directors during the Financial Year 2023 (as at 10 August 2023)

Mr Tong Hon Keong (appointed w.e.f. 1 July 2023)

Training and Education Provided to the Board during the Financial Year 2023 (as at 10 August 2023)

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.

Can America Stop China's Rise? Will ASEAN Be Damaged?
The Future Managing of the Workplace and People
How to Manage Compliance and Ethics in a Changing World?
FIDE FORUM Special Interest Group Discussion on BNM's Licensing & Regulatory Framework for Digital Insurers and Takaful Operators ("DITO") Exposure Draft
BNM-FIDE FORUM Roundtable on Licensing and Regulatory Framework for DITO Exposure Draft
Owners & Ownership : Beneficial Ownership - Who is Behind that Legal Person
Understanding the Impact of Digital Transformation in the Financial Industry: What Board Members Need to Know
Fiduciary Duty on Climate Risk Management
Navigating MFRS 17: Transition, Parallel Runs, and Other Updates

Number of Meetings convened by Board and Board Committees in Financial Year 2023 (as at 10 August 2023)

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

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