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Nomination Committee
1. Objective
The primary objective of the Nomination
Committee is to establish a documented, formal
and transparent procedure for the appointment
of Directors, P/CEO, COO, CFO, CBO, CRO and CCO
(or its equivalent respectively) and to assess the
effectiveness of individual directors, the Board as a
whole and the various committees of the Board, the
P/CEO, COO, CFO, CBO, CRO and CCO.
2. Composition
Based on the Terms of Reference of the NC, the
full committee is to be held as and when required,
at a minimum of once a year. During the financial
year ended 31 December 2013, the NC met 12
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
3. Roles and Responsibilities
The functions and responsibilities of the NC are
as follows:-
i) To establish minimum requirements for
the Board and the P/CEO to perform their
responsibilities effectively. It is also responsible
for overseeing the overall composition of the
Board in terms of the appropriate size and skills,
the balance between Executive Directors, Non-
Executive and Independent Directors, and mix
of skills and other core competencies required,
through annual reviews;
ii) To recommend and assess the nominees
for directorship, the Directors to fill Board
committees, as well as nominees for the
P/CEO. This includes assessing directors and
P/CEO proposed for reappointment, before an
application for verification is submitted to Bank
Negara Malaysia;
iii) To establish a mechanism for formal assessment
and assess the effectiveness of the Board as a
whole, the contribution by each Director to the
effectiveness of the Board, the contribution
of the Board’s various committees and the
performance of the Board’s various committees;
iv) To recommend to the Board on removal of a
Director if he is ineffective, errant or negligent
in discharging his responsibilities;
v) To ensure that all Directors undergo
appropriate induction programmes and receive
continuous training;
vi) To
oversee
appointment,
management
succession
planning
and
performance
evaluation of P/CEO, COO, CFO, CBO, CRO and
CCO, and recommending to the Board the
removal of CFO, CBO, CRO and CCO, if they are
ineffective, errant and negligent in discharging
their responsibilities; and
vii) To formulate, review and recommend to
the Board in respect of human resource
development (training) policies and human
resource management policies, including the
terms & conditions of service of the company.
NO. NAME OF DIRECTOR
NO. OF
MEETING
ATTENDED *
1
Zakaria bin Ismail
(Chairman)
12/12
2
Dato’ Rosli bin Mohamed Nor
12/12
3
Dato’ Dr. Mohd Isa Hussain
9/12
4
Nik Najib bin Husain
12/12
5
Dato’ Agil Natt
11/12
EXIM Bank Annual Report 2013
059