✓ Reviewed Group Risk Appetite Statement Policy 2023 ✓ Reviewed the implementation of Internal Capital Adequacy Assessment Process (ICAAP) ✓ Reviewed and deliberated Response to 2021 & 2022 BNM’s Composite Risk Rating (CRR) ✓ Reviewed Risk Management and Credit Management Dashboard ✓ Reviewed the Whistleblowing Report for FY2022 ✓ Reviewed Compliance related policies which include: • Group Compliance Policy • Group Compliance Risk Assessment Policy • Group Anti-Bribery and Corruption Policy • Group Corruption Risk Management Policy • Group AML/CFT Policy • Group Gift Policy • Bank Islam’s Management of Customer Information and Permitted Disclosures Policy • Group Ethical Wall Policy • Outsourcing Policy ✓ Reviewed risk management related policies which include: • Group Single Counterparty Exposure Limit (GSCEL) Policy • Group Credit Policy and other significant Operational Policies • Stress Testing Policy • Climate Risk Stress Testing and Capital Impact • Group Corruption Risk Management Policy • Group Business Continuity Management Policy ✓ Reviewed General Administration related policies which include • Procurement Policy ✓ Reviewed and approved Information Security Governance related policies which include • Proposed New Group System Criticality Classification Policy ✓ Reviewed Climate Risk Management Framework ✓ Reviewed the Gap analysis & Implementation Plan of BNM Climate Risk Management & Scenario Analysis (CRMSA) ✓ Reviewed Audit Assessment Report: Validation of the Implementation and Effectiveness of Fraud Countermeasures ✓ Reviewed Group Equity Investment Policy KEY BOARD ACTIVITIES AND FOCUS AREAS FOR FY2023 Board activities are structured to develop the Group’s strategy, to enable the Board to provide the necessary oversight and to support Management on the delivery of the Group’s strategy within a transparent governance framework. Some of the areas that required significant attention and focus of the Board during the FY2023 included: A Risk Management & Compliance 201 1 2 3 4 5 6 7 8 9 www.bankislam.com ACCOUNTABILITY
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