The Board of Directors (‘Board’)
The Board of Directors (“Board”) is the highest authority in Bank Pembangunan Malaysia Berhad (“BPMB”).
The Board plays a critical role in ensuring sound and prudent policies and practices in the BPMB and its subsidiaries (“BPMB Group”). It provides an effective check and balance mechanism in the overall management of the BPMB Group.
The Board carries ultimate responsibility for the proper stewardship of the BPMB Group. It has the responsibility to ensure the optimisation of shareholders’ value and safeguard the stakeholders’ interests.
The Board has a fiduciary responsibility to act in the best interest of the BPMB Group.
Click here for the Terms of Reference (TOR) on the Board.
Board Nomination and Remuneration Committee (‘BNRC’)
The objectives of the BNRC are to support the Board in carrying out its function on the following:
- The appointments/reappointments and removals, composition, performance evaluation & development and fit & proper assessment concerning the BOD, the Shariah Committee (“SC”) members, and Key Senior Management, including the Company Secretary;
- Overseeing the design and operation of BPMB and its Group’s remuneration system and periodically review the remuneration of the Board, the SC members, key senior management, and such other personnel as determined by the Board;
- Overseeing the succession plan for directors, SC members, Group Chief Executive Officer (“GCEO”) and key senior management of BPMB Group; and
- Appointment of directors, SC members, GCEO and key senior management of BPMB and its subsidiaries.
Key Senior Management refers to the Officers holding the Senior Leadership Team position, including the:
- Group Chief Executive Officer,
- Group Chief Financial Officer,
- Group Chief Risk Officer,
- Group Chief Operations Officer,
- President/Group CEO/CEO of subsidiaries,
- and such other designations as determined by the Board from time to time.
Click here for the Terms of Reference (TOR) on BNRC.
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.
Click here for the Terms of Reference (TOR) on BRMC.
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.
Click here for the Terms of Reference (TOR) on BAC.
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 Authority for Credit Approval for Pembangunan Leasing Corporation Sdn Bhd, and to ensure adequate risk management processes are in place and functioning effectively.
Click here for the Terms of Reference (TOR) on BCC.
Board Information Technology Committee (‘BITC’)
BITC has oversight function on the implementation of technology related strategies and initiatives of BPMB and the Group.
Click here for the Terms of Reference (TOR) on BITC.