Page 164 - Bank Muamalat_AR24

162 BANK MUAMALAT MALAYSIA BERHAD

GOVERNANCE DISCLOSURES

Management takes note of the comments and feedback A summary of training courses attended by the
from the Directors and receives guidance from the Board. Directors during the financial year are listed below:
They agree with the Directors on proposed actions to
be taken, including decisions made. For matters in the • BMMB Shariah Structured Training: Rescheduling &
Restructuring in Islamic Banking: Process, Shariah Issue
ordinary course of business, Board approvals can be and Key Challenge.
obtained through written resolutions outside of Board
meetings. Ad-hoc meetings are held when necessary. • Bank Audit Conference 2024 - “Future of Internal
Directors have direct access to Senior Management Audit: Embracing Change, Staying Relevant”.
and can request additional information from them.
The Company Secretary is available to the Directors at • BMMB Shariah Structured Training: Hajah and
all times. Darurah - Key Shariah and Operational Issues
for Islamic Financial Institutions.
iii. Board Induction and Succession Planning • International Social Wellbeing Conference 2024
Upon appointment, each new Director will be required (ISWC2024) - Ageing and Longevity Towards a
to undergo an onboarding exercise to facilitate their Meaningful Retirement.
familiarisation with the Bank’s operating environment, • FIDE: What Amounts to a Conflict of Interest by
business strategy, and operations. All new Directors must Directors?.
attend an induction programme tailored to their specific
needs as soon as practicable, but no later than three • Khazanah Talk - The Future of Cybersecurity with AI.
months after their appointment to the Board. • FIDE CORE Programme - Module B.

Attendance at the induction programme or similar • FIDE - ESG/Impact Investing - What are Investors
sessions that may assist in achieving the intended Looking For?.
outcome is mandatory for all new Directors. The
Company Secretary is responsible for facilitating • Cybersecurity Awareness Programme.
the induction of newly appointed Directors. • NUS: Strategic Human Resource Management.
The BNRC is accountable for developing succession v. Ethical Business Conduct and Whistle Blowing
plans and identifying and recommending candidates
to the Board to ensure that it comprises directors with The Board of BMMB places significant importance on
suitable skills, experience, expertise, and diversity. promoting a culture of good corporate governance that
The BNRC also oversees the appointment and succession upholds the values of integrity, ethics and transparency
planning for key Senior Management positions. in all aspects of its operations.
iv. Training and Development of Directors To ensure compliance with these values, the Board has
established a Code of Business Conduct (CoBC) that lays
The Board has implemented measures to ensure that out the expected conduct of all employees, directors
its members have ongoing access to appropriate and and third-party entities involved in business dealings
relevant continuing education programmes. A reasonable with BMMB. The CoBC encompasses various procedures
budget has been allocated for this purpose. Directors are related to non-discrimination, whistleblowing, asset and
strongly encouraged to attend talks, briefings, workshops, property protection, confidential information, personal
and utilise online learning tools, reading materials, and data protection, insider trading, fraud, conflict of interest,
training programmes on areas that would benefit them in bribery and anti-corruption.
their roles and responsibilities.
All directors and employees of BMMB are expected to
It is mandatory for all Directors of BMMB to register adhere to the CoBC. Recently, the CoBC has been updated
for the director’s core training programme under the to incorporate fundamental principles on Competence,
Financial Institutions Directors’ Education Programme Integrity, Fairness, Confidentiality and Objectivity, aligned
(FIDE) within a year of their appointment, and the Islamic with the Professional Code developed by the Financial
Finance for Board within two years of their appointment. Services Professional Board (FSPB), guidelines from
relevant Acts and regulatory requirements. The CoBC
All Board members have attended and successfully aims to mitigate the impact of changes resulting from
completed the Director’s Core Training Programme under the Industrial Revolution 4.0, such as IT device utilisation,
FIDE within the period stipulated under the Director’s social media usage, and cybersecurity threats.
Training Policy of the Bank. In line with the MCCG
2021 recommended practice, the Company Secretary
facilitates the orientation of new Directors and assists
in directors’ training and development.