Corporate Governance | General & Life Insurance

Corporate Governance - Life Insurance

General 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 24 April 2024)

Board Committee	Composition
Board Audit Committee	Mr Siew Kah Toong (Chairman) Mr Norman Ip Mr Ou Shian Waei
Board Nominations and Remuneration Committee	Mr Foong Soo Hah (Chairman) Mr Norman Ip Mr David Siew
Board Risk Management Committee	Ms Mimi Sze Ho (Chairperson) Mr Norman Ip Mr Ou Shian Waei Mr Foong Soo Hah

Appointments, Resignations and Removals of Directors during the Financial Year 2024 (as at 24 April 2024)

Ms Mimi Sze Ho (appointed on 1 March 2024)
Mr Tan Yam Pin (resigned w.e.f. 18 April 2024)

Training and Education Provided to the Board during the Financial Year 2024 (as at 24 April 2024)

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 FORUM Fireside Chat with Former Central Bank Governors on “Central Banking in an Evolving International Financial System
Anti Bribery and Corruption Post Implementation of Adequate Procedures
International/Domestic Policies and Trends of Money Laundering, Terrorist Financing/Proliferation Financing

Number of Meetings convened by Board and Board Committees in Financial Year 2024 (as at 24 April 2024)

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

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

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 & Corruption Policy

Whistleblowing Programme

Whistleblowing Programme

Details on Board Composition

Board of Directors

Board Committees Composition (as at 22 April 2024)

Board Committee	Composition
Board Audit Committee	Mdm Tan Fong Sang (Chairman) Mr Norman Ka Cheung Ip Mr Lai Chin Tak
Board Nominations and Remuneration Committee	Mr Lai Chin Tak (Chairman) Mr Norman Ka Cheung Ip Mdm Tan Fong Sang
Board Risk Management Committee	Mr Tong Hon Keong (Chairman) Mr Lai Chin Tak Mr Norman Ka Cheung Ip

Appointments, Resignations and Removals of Directors during the Financial Year 2024 (as at 22 April 2024)

YBhg Datuk Kamaruddin bin Taib (resigned w.e.f. 18 April 2024)

Training and Education Provided to the Board during the Financial Year 2024 (as at 22 April 2024)

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.

FIDE FORUM Fireside Chat with Former Central Bank Governors on "Central Banking in an Evolving International Financial System"
Managing Culture to Prevent Misconduct
What Amounts to a Conflict of Interest by Directors?
Directors Masterclass Series: What Directors Must Know: Recent Developments in Climate Science
BNM-FIDE FORUM Responsibility Mapping Engagement with Directors of Financial Institutions

Number of Meetings convened by Board and Board Committees in Financial Year 2024 (as at 22 April 2024)

Board	4
Board Audit Committee	3⁽¹⁾
Board Nominations and Remuneration Committee	4
Board Risk Management Committee	3

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