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• Engaging external and independent
reviewers for the validation of risk
measurement methodologies and outputs.
• Reviewing and recommending broad-based
risk limits to the Board for approval and
ensuring the risk limits are appropriate for
the Bank’s business activities.
• Approving detail risk limits based on broad-
based risk limits as approved by the Board
and ensuring the risk limits are appropriate
for the Bank’s business activities.
iv) Processes and Technology Enabler
• Ensuring sufficient internal controls to
detect any deficiencies in the internal
control environment in a timely manner;
reviewing
the
independence
and
robustness of risk management processes
and internal controls throughout the Bank;
and approving the Bank’s key risk control
and mitigation processes.
• Periodically reviewing risk exposures of
the Bank in line with its risk strategy and
objectives.
• Determining and empowering (to the MRC
or members of management) the authority
to approve deviations from limits and the
extent of deviations from limits.
• Approving the contingency plan for dealing
with various extreme internal/external
events disasters.
• Ensuring the adequacy of tools, systems and
resources for the successful management
of risk management functions within
the Bank.
• Reviewing the progress of all core risk
management initiatives within the Bank.
Remuneration Committee
1. Objective
The primary objective of the Remuneration
Committee is to provide a formal and transparent
procedure for developing a remuneration policy
for Directors, President/Chief Executive Officer
(P/CEO), Chief Operating Officer (COO), Chief
Financial Officer (CFO), Chief Business Officer
(CBO), Chief Risk Officer (CRO) and Chief Credit
Officer (CCO) and ensuring that compensation is
competitive and consistent with the Bank’s culture,
objectives and strategies.
2. Composition
Based on the Terms of Reference of the RC, the full
committee is to be held at least once a year. During
the financial year ended 31 December 2013, the RC
met 5 times. Details of members of the Committee
and attendance of each member for year 2013 are
as follows:-
* Reflects the number of meetings attended during the time
the Director held office
NO. NAME OF DIRECTOR
NO. OF
MEETING
ATTENDED *
1
Dato’ Rosli bin Mohamed Nor
5/5
(Chairman)
2
Zakaria bin Ismail
5/5
3
Dato’ Dr. Mohd Isa Hussain
4/5
4
Nik Najib bin Husain
5/5
5
Dato’ Agil Natt
5/5
EXIM Bank Annual Report 2013
057