Page 149 - Bank-Muamalat_Annual-Report-2023
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ANNUAL REPORT 2023
GOVERNANCE
GOVERNANCE
DISCLOSURE
OUR GOVERNANCE FRAMEWORK
Our governance framework takes guidance based on the following key statutory provisions and best practices:
a. Companies Act 2016 (CA 2016)
b. Islamic Financial Services Act 2013 (IFSA 2013)
c. Policy Document on Corporate Governance issued by BNM (BNM CG)
d. Policy Document on Shariah Governance
e. Malaysian Code on Corporate Governance issued by Securities Commission Malaysia (MCCG 2021)
f. Relevant requirements as outlined under the respective guidelines by BNM and other regulators.
GOVERNANCE STRUCTURE
Shareholders
Board of Directors Shariah Committee
Company Secretary
Board Committees
PCEO
Management Committee
Accountability Empowerment/Delegation
• Board Risk & Compliance Committee • Board Veto Committee
• Board Audit Committee • Board Technology Committee
• Board Nomination and Remuneration Committee
• Shariah Committee
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