Page 155 - Bank-Muamalat_Annual-Report-2023

ANNUAL REPORT 2023
GOVERNANCE

Board Veto Committee (BVC)

• Increase in the margin of financing/advance
• Increase in tenure/duration for term financing
• Changes in the purpose of financing
• Upward changes in the limit
3. Ratify approvals of the relevant approving authorities on connected party financing.
4. Review and concur/recommend the relevant financing reviews.

Board Technology Committee (BTC)
Members Name of members
Dato’ Ibrahim Taib (Chairman)
Johari Abdul Muid
Puan Roshidah Abdullah
Roles and responsibilities 1 To review and recommend to the Board, Management’s strategies, policies and
framework related to IT and digitalisation activities including e-banking services
and Cybersecurity-related matters.
2. To review and recommend to the Board, the IT Security blueprint in line with the
security strategies of the Bank.
3. To review any proposals relating to IT and digitalisation initiatives and e-banking
products and services before recommending them to the Board.
4. To oversee Management’s implementation of IT and digitalisation initiatives/projects
undertaken by the Bank to ensure it is in line with the Bank’s strategies and policies.
5. To review and recommend to the Board any appointment of such person, consultants
or advisors to undertake any specific projects or assignments in relation to the Bank’s
IT or digitalisation initiatives/projects.
6. To review and ensure the adequacy of cyber security investments and that its
associated roadmap for implementation is acceptable.
7. To undertake such other duties and responsibilities on other Technology and
Cybersecurity-related matters as determined by the Board of Directors of the Bank.
iii. Company Secretary

During Board meetings, the Company Secretary is present and responsible for documenting key deliberations and
decisions made. Additionally, the Company Secretary serves as a liaison between the Board, its committees,
and management, and provides support to Directors in fulfilling their duties. The Company Secretary also aids in the orientation
of new Directors and helps to facilitate the ongoing professional development of all Directors.

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