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CORPORATE GOVERNANCE

Articles of Association

Board of Directors Charter

Details on Board Composition
Board of Directors


Board Committees Composition (as at 31 December 2018)

Board Committee Composition
Board Audit Committee YBhg. Datuk Kamaruddin Bin Taib (Chairman)
YBhg. Dato’ Albert Yeoh Beow Tit
Mdm Tan Fong Sang
Board Nominations and Remuneration Committee Mr Tan Yam Pin (Chairman)
Mr Norman Ip
YBhg. Datuk Kamaruddin Bin Taib
YBhg. Dato’ Albert Yeoh Beow Tit
Mr Ng Hon Soon
Board Risk Management Committee Mr Ng Hon Soon (Chairman)
YBhg. Dato’ Albert Yeoh Beow Tit
Mdm Tan Fong Sang
 
 
Appointments, Resignations and Removals of Directors during the Financial Year 2018 (as at 31 December 2018)
 
NIL
 
 
Training and Education Provided to the Board during the Financial Year 2018 (as at 31 December 2018)
 
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:
  • 1st PIDM – FIDE FORUM Annual Dialogue
  • 5th BNM – FIDE FORUM Annual Dialogue
  • Blockchain in Financial Services by BNM
  • BNM FIDE FORUM Board Conversation (Insurance Companies & Takaful Operators)
  • BNM-FIDE FORUM Board Conversations; Dialogue with Senior Officials of BNM (Session with Directors of Insurance Companies & Takaful Operators)
  • Board Educational Series: Workshop on Risk Culture by Ernst & Young, Singapore
  • Board Educational Series: Update on Anti Money Laundering; Risk Culture Report by Ernst & Young; and Directors’ & Officers’ Liability Insurance by Jardine Lloyd Thompson
  • Board Educational Series: Digital Transformation Strategy for Great Eastern Group; and Reinsurance as Capital Management by Munich RE
  • Board Educational Series: Preparing for SST- Managing the Transition
  • Credit Risk Management – Banking Sector
  • Exclusive session for FIDE FORUM Members: IBM Think Malaysia
  • FIDE Core Programme – Module A & B
  • FIDE FORUM 7th Annual General Meeting
  • FIDE FORUM Workshop – Identifying your next Board Talent
  • FIDE FORUM – Fintech: Disruption to be Embraced?(Demo Day and Dialogue with 10 Fintech Companies)
  • FIDE FORUM - Preparation for the “Board Conversation”
  • Focus Group (Insurance & Takaful) – Discussion in Preparation for the 5th BNM – FIDE FORUM Annual Dialogue with the Governer
  • The Official Launch and Signing Ceremony of the Pathway to a Governance Practitioner Programme
  • Win the innovation race: Unlocking the creative power of Asians by Prof Roy Chua

 

Number of Meetings convened by Board and Board Committees in Financial Year 2018 (as at 31 December 2018)
 
Board (including Board Retreat) 10
Board Nominations and Remuneration Committee 6
Board Audit Committee 9(1)
Board Risk Management Committee 5

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

CORPORATE GOVERNANCE

Articles of Association

Board of Directors Charter

Details on Board Composition
Board of Directors

Board Committees Composition (as at 31 December 2018)

Board Committee Composition
Board Audit Committee YBhg Datuk Kamaruddin Bin Taib (Chairman)
YBhg Dato’ Albert Yeoh Beow Tit
Mdm Tan Fong Sang
Board Nominations and Remuneration Committee Mr Tan Yam Pin (Chairman)
Mr Norman Ka Cheung Ip
YBhg Datuk Kamaruddin Bin Taib
YBhg Dato’ Albert Yeoh Beow Tit
Mr Ng Hon Soon
Board Risk Management Committee Mr Ng Hon Soon (Chairman)
YBhg Dato’ Albert Yeoh Beow Tit
Mdm Tan Fong Sang


Appointments, Resignations and Removals of Directors during the Financial Year 2018 (as at 31 December 2018)

NIL

Training and Education Provided to the Board during the Financial Year 2018 (as at 31 December 2018)

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.

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:

  • Blockchain in Financial Services by BNM
  • Board Educational Series – Workshop on Risk Culture by Ernst & Young, Singapore
  • Board Educational Series: Update on Anti Money Laundering; Risk Culture Report by Ernst & Young; and Directors’ & Officers’ Liability Insurance by Jardine Lloyd Thompson
  • Board Educational Series: Digital Transformation Strategy for Great Eastern Group; and Reinsurance as Capital Management by Munich RE
  • Board Educational Series: Preparing for SST- Managing the Transition
  • • Credit Risk Management – Banking Sector
  • The Official Launch and Signing Ceremony of the Pathway to a Governance Practitioner Programme
  • Win the innovation race: Unlocking the creative power of Asians by Prof Roy Chua

Number of Meetings convened by Board and Board Committees in Financial Year 2018 (as at 31 December 2018)

Board 7
Board Audit Committee
8(1)
Board Nominations and Remuneration Committee 5
Board Risk Management Committee 5

(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