Life Insurance

CORPORATE GOVERNANCE

Constitution of the Company

Constitution of the Company

Board of Directors Charter

Board of Directors Charter

Details on Board Composition
Board of Directors

Board Committees Composition (as at 1 August 2019)

Board Committee	Composition
Board Audit Committee	Mr Tan Yam Pin (Chairman) Mr Ng Hon Soon Mr David Siew Kah Toong
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 Tan Yam Pin

Appointments, Resignations and Removals of Directors during the Financial Year 2019 (as at 1 August 2019)

Mdm Tan Fong Sang (resigned on 31 July 2019)

Training and Education Provided to the Board during the Financial Year 2019 (as at 1 August 2019)

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:

FIDE Core Programme – Module A & B
Reading the Signs: The Next Financial Crisis and Potential Impact on Asia
Amended Agency Contract Effective 1 January 2020 and its impact on the Company
Perspectives on Cyber Security
Post Implementation Review of Agency Balanced Scorecard under LIFE Framework For GELM
BNM-FIDE FORUM Masterclass on Cybersecurity: Unseen Threats
Artificial Intelligence and Its Role in Financial Institutions
MFRS 17: Understanding Its Impact and Consequences

Number of Meetings convened by Board and Board Committees in Financial Year 2019 (as at 1 August 2019)

Board (including Board Retreat)	5
Board Nominations and Remuneration Committee	4
Board Audit Committee	5⁽¹⁾
Board Risk Management Committee	4

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