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 31 March 2022)

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 Koh Poh Tiong
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 2022 (as at 31 March 2022)

Mr Foong Soo Hah (appointed on 1 March 2022)

Training and Education Provided to the Board during the Financial Year 2022 (as at 31 March 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 Digital Transformation Strategy and Roadmap

Ø Directors Guide to Crisis Management & Leadership During Crisis

· Webinar:

Ø BNM-FIDE FORUM MyFintech Week Masterclasses

Ø BNM-FIDE FORUM Dialogue: Climate Risk Management and Scenario Analysis

Ø BNM-FIDE FORUM Dialogue: Licensing Framework for Digital Insurers and Takaful Operators

Ø Climate Change: Impact on Insurance Companies & Role of the Board

Number of Meetings convened by Board and Board Committees in Financial Year 2022 (as at 31 March 2022)

Board	4
Board Audit Committee	4⁽¹⁾
Board Nominations and Remuneration Committee	3
Board Risk Management Committee	3

⁽¹⁾The Board Audit Committee Meetings included 1 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 1 April 2022)

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	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 Lai Chin Tak Ms Mimi Sze Ho

Appointments, Resignations and Removals of Directors during the Financial Year 2022 (as at 1 April 2022)

NIL

Training and Education Provided to the Board during the Financial Year 2022 (as at 1 April 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.

Board Educational Series:
- Directors Guide to Crisis Management & Leadership During Crisis

Webinar:
- BNM-FIDE FORUM MYFintech Week Masterclasses
- Sustainability and Its Impact on Organizations: What Directors Need to Know
- BNM-FIDE FORUM Dialogue: Licensing Framework for Digital Insurers and Takaful Operators
- BNM-FIDE FORUM Dialogue: Climate Risk Management and Scenario Analysis
- Sustainability in the Energy Sector

Number of Meetings convened by Board and Board Committees in Financial Year 2022 (as at 1 April 2022)

Board	4
Board Audit Committee	2⁽¹⁾
Board Nominations and Remuneration Committee	3
Board Risk Management Committee	2

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