Corporate Governance | Life 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 30 June 2021)

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 30 June 2021)

NIL

Training and Education Provided to the Board during the Financial Year 2021 (as at 30 June 2021)

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 “Sanctions Screening” and “Getting Ready for Dawn Raids”

Ø Asset-Liability Management

Ø Environmental, Social and Governance

Ø Responsible Investments

Ø Security Operations Centre & Security Monitoring

· Webinar:

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

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

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

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

Ø Rethinking Our Approach to Cyber Defence in FIs

Number of Meetings convened by Board and Board Committees in Financial Year 2021 (as at 30 June 2021)

Board	7
Board Nominations and Remuneration Committee	4
Board Audit Committee	5⁽¹⁾
Board Risk Management Committee	6

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