Board Committees

 

Board Nomination and Remuneration Committee (‘BNRC’)


The objectives of the BNRC are to provide:-

i)

A formal and transparent procedure for the appointment and/or re-appointment as well as to assess the effectiveness of Key Responsible Persons and the Company Secretary; and

ii)

A formal and transparent procedure for developing a remuneration policy for Key Responsible Persons and the Company Secretary and ensuring that compensation is competitive and consistent with BPMB’s culture, objectives and strategies.


‘Key Responsible Persons’ refers to persons that are accountable or responsible for the management or oversight of BPMB. These comprise: -

(a)

Board of Directors (‘BOD’) of Bank Pembangunan Malaysia Berhad (‘BPMB’) and its subsidiaries’ (the ‘Group’),

(b)

Members of Shariah Committee (‘SC’),

(c)

President/Group Chief Executive Officer (‘P/GCEO’)/Chief Executive Officer(‘CEO’) of major subsidiaries; and

(d)

Senior Officers.

 

Board Risk Management Committee (‘BRMC’)

The primary objective of BRMC is to oversee the Senior Management’s activities in managing the key risk areas of BPMB and the Group and to ensure that the risk management process is in place and functioning effectively.

 

Board Audit Committee (‘BAC’)

The objective of BAC is to provide independent oversight to review the financial conditions of BPMB and the Group’s financial reporting processes and internal control and ensuring checks and balances within the Group, performance and findings of the internal auditors and to recommend appropriate remedial action regularly.

 

Board Credit Committee (‘BCC’)

The primary objective of Board Credit Committee (‘BCC’) is to provide supervisory and oversight role on all loans/financings/credit related proposals and investment as per limit set in BPMB Approving Authority Matrix and to ensure adequate risk management processes are in place and functioning effectively.

 

Board Information Technology Committee (‘BITC’)

BITC has oversight function on the implementation of technology related strategies and initiatives of BPMB and the Group.