Areas of Focus Matters Considered Integrity & Governance Reviewed and deliberated on the updates on Corruption Risk Management Report and approved the implementation of divisional Corruption Risk Management as well as the risk action plan once in every two (2) months. Reviewed and approved the implementation of Corruption Risk Management Review Plan on 2 December 2022. Reviewed and deliberated on the Integrity & Governance Department Reports, which include reports on the investigation of fraud cases and whistleblowing cases. Reviewed and deliberated on the development of BIMB’s Organisational Anti-Corruption Plan (OACP). Reviewed the status of the implementation of Adequate Procedures to protect BIMB from Corporate Liability under Section 17A of MACC Act 2009 (Amendment 2018). Reviewed the status of the implementation of ISO 37001: 2016 Anti-Bribery Management System in BIMB. Reviewed and recommended to the Board on the structure of the Whistleblowing Disclosure in BIMB. Corporate Secretarial Reviewed the governance compliance status of BIMB and its Tier 1 subsidiaries pursuant to the relevant laws and guidelines. TRAINING AND DEVELOPMENT There is diversity in the BAEC composition as all members have a wide range of relevant skills, knowledge and industry experience in discharging their duties. Their areas of expertise include, amongst others, accounting, finance, economy and legal. They are financially literate and able to understand, analyse and challenge the Management on matters deliberated in the meetings including the financial reporting process. The BAEC members have demonstrated their commitment to update their knowledge and enhance their skills through appropriate continuing education programmes to ensure they will be equipped to discharge their responsibilities. During the year, the BAEC members have attended several seminars and training conferences to keep abreast with the latest developments. Details of the seminars and training programmes attended by each Director in 2022 can be found in the CG Report. PERFORMANCE REVIEW OF THE BAEC Based on the annual evaluation on the effectiveness of the Board, its Committees and the members of the Board, the Board is satisfied with the performance of the BAEC and its members. The BAEC has discharged its duties in accordance with its Terms of Reference and in line with the requirements of MCCG, BNM CG Policy and MMLR. The results of the annual evaluation on the BAEC for the financial year 2022 can be found in the CG Report. RELATIONSHIP WITH EXTERNAL AUDITORS The Board maintains a transparent and professional relationship with the External Auditors through the BAEC. The BAEC reviews and assesses the suitability, objectivity and independence of the External Auditors annually. The appointment or re-appointment of the External Auditors is carried out in accordance with the requirements set out by BIMB to ensure the independence and objectivity of the External Auditors as statutory auditors are not compromised. The External Auditors also provide non-audit services to BIMB. For any engagement of the External Auditors to perform non-audit services, the BAEC must be satisfied that the External Auditors are suitable, independent and objective in the provision of such services. There is no element of conflict of interest and the fees chargeable are within the allowable threshold set. The BAEC was satisfied with the quality of audit, performance, competency and the resources provided to BIMB by the External Auditors during the financial year under review. The BAEC was also satisfied that the provision of non-audit services to BIMB by the External Auditors did not impair their objectivity and independence as External Auditors of BIMB. The amount of audit fees and non-audit fees paid by BIMB and the Group can be found on page 317 of Note 31 of the Financial Statements. Accountability Bank Islam Malaysia Berhad 205 01 05 03 07 02 06 09 04 08
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