Corporate Governance

The Board of Directors of Export-Import Bank of Malaysia Berhad (EXIM Bank) have always placed good corporate governance practices as one of its highest priorities when conducting the bank’s business activities. As such, EXIM Bank puts the utmost effort into observing the best corporate governance practices to ensure that not only its shareholders, but also other stakeholders, are well protected at all times.

Hence, EXIM Bank is fully committed and firmly subscribes to the Principles and Best Practices in Corporate Governance as set out in the Bank Negara Malaysia’s Guideline on Corporate Governance Standards on Directorship for Development Financial Institutions (BNM/RH/GL 005-14), whereby the internal controls are further strengthened to ensure proper checks and balances are formed as an integral part of EXIM Bank’s operations.

BOARD OF DIRECTORS

The Board of EXIM Bank currently comprises seven Directors. Five Directors are Independent Non-Executive Directors, one is Non-Independent Non-Executive Director (nominee of Minister of Finance (Incorporated)) and one who is an Executive Director (Managing Director/ Chief Executive Officer).

All Directors have the skills and experience in their respective areas of expertise, which have contributed significantly to the decision-making process of the Board. The structure of EXIM Bank provides a clear separation on functions, roles and responsibilities between the Chairman of the Board and the Managing Director/Chief Executive Officer. Brief backgrounds of each of the Directors are presented on page 14 to 18 of the Annual Report 2011.

The appointments of all Directors are in compliance with the BNM/RH/GL 005-14 and the Bank’s Articles of Association.

The Board meets every month with additional meetings convened as and when urgent issues and important decisions are required to be taken between the scheduled meetings to deliberate on, inter alia, policy and strategic issues and review of the financial performance as well as credit operations of the Bank.

For financial year ended 2011, all Directors appointed to the Board, apart from attending Corporate Directors’ Training Programme accredited by Companies Commission of Malaysia, have also attended other relevant training programmes and seminars organized by the relevant regulatory authorities and professional bodies to further enhance their business acumen and professionalism in discharging their duties to the Bank.

BOARD COMMITTEES

There are five Board Committees established to assist the Board in discharging its duties and responsibilities, namely the Board Credit Committee (formerly known as Credit Committee of the Board), Internal Audit Committee, Board Risk Committee, Remuneration Committee and Nomination Committee.