✓ Reviewed the Board Succession Plan for the Group to ensure an effective Board is in place to support the Group strategic direction ✓ Reviewed the Harmonisation of Remuneration and Benefits for Directors and SSC members of the Group ✓ Reviewed of Nominee Directors in Bank Islam subsidiaries in line with the harmonisation of group governance ✓ Reviewed the outcome of an independent Board Effectiveness Evaluation (BEE) conducted by an external consultant for 2022 ✓ Reviewed the SSC Evaluation for 2022 ✓ Reviewed Board Charter and Terms of Reference (TOR) of the Board and Board Committees function as well as the requirements of Bursa Malaysia and recommendations of the MCCG 2021 ✓ Corporate Governance Disclosure in Bank Islam Integrated Annual Report 2022 ✓ Gap Analysis on the status of compliance with the MCCG 2021 and recommendations ✓ Reviewed and approved the appointment of one (1) new Non-Independent NED, one (1) Independent NED and one (1) Senior Independent NED to fill vacancy following the retirement of existing Director as well changes in Board Committees ✓ Reviewed and approved the re-appointment of Directors upon expiry of their tenure ✓ Reviewed and approved re-appointment and reelection of Directors for 40th Annual General Meeting ✓ Reviewed and approved the appointment of a New Chairman of SSC ✓ Reviewed the SSC Charter and Terms of Reference ✓ Reviewed the rationalisation of Shariah Advisory Authorities within Bank Islam Group ✓ Reviewed the revised Shariah Compliance Policy for Bank Islam Labuan Offshore Branch ✓ Reviewed and approved the assessment on Potential Conflict of Interest ✓ Reviewed and approved the appointment of a New Member of SSC BOARD FUTURE PRIORITIES The Board has identified future priorities and focus areas of the Board in the next three (3) financial years namely, FY2024, FY2025 and FY2026 and these were as follows: Future Priorities and Focus Areas 1. Bank Islam’s progress in implementing the five (5) year strategy roadmap, LEAP25 2. Strategy Roadmap and Plan post LEAP25 3. Bank Islam’s commitment towards Sustainability initiatives 4. Strengthen the Board’s oversight of ESG issues and climate-related matters 5. Expansion of coverage provided by Sadaqa House 6. Enhance strategies under Funding Plan to manage Bank Islam’s Net income margin 7. Monitor Bank Islam’s continuous commitment and progress towards OACP 8. Succession Planning for the Board and Management that supports Bank Islam’s future plan and objectives 9. Bank Islam’s cost management initiative namely CORE, a 3-year programme (2024-2026) 10. Bank Islam’s progress in technology and digital infrastructure The Board will continue its efforts to strengthen Bank Islam’s corporate governance standards and instil a culture that promotes ethical conduct, transparency and sustainable value creation, with the ultimate objective of realising long-term shareholder value and simultaneously, accounting for the interests of other stakeholders. D Governance 203 1 2 3 4 5 6 7 8 9 www.bankislam.com ACCOUNTABILITY
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