Corporate governance of Great Eastern Takaful
Articles of Association
Board of Directors Charter
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Details on Board Composition
Board of Directors
Composition of Board Committees (on 29 April 2024)
| Board Committee | Composition |
|---|---|
| Board Audit Committee | YBhg. Dato' Albert Yeoh Beow Tit (Chairman) Mr. Norman Ka Cheung Ip YBhg. Prof. Dato’ Dr. Wan Sabri Wan Yusof |
| Board Nominations and Remuneration Committee | YBhg. Dato’ Albert Yeoh Beow Tit (Chairman) Mr. Norman Ka Cheung Ip YBhg. Maj. Gen. Dato’ Zulkiflee bin Mazlan (Rtd) YBhg. Prof. Dato’ Dr. Wan Sabri bin Wan Yusof Mr Tong Hon Keong |
| Board Risk Management Committee | Mr. Tong Hon Keong (Chairman) YBhg. Rear Adm. Dato’ Anuwar bin Mad Said (Rtd) YBhg. Datin Arlina binti Ariff |
| Governance Committee | YBhg. Dato’ Albert Yeoh Beow Tit (Chairman) YBhg. Datin Arlina binti Ariff YBhg. Dr. Mohammad Firdaus Mohammad Hatta vacant/Appointed Actuary |
Appointments, Resignations and Removals of Directors during the Financial Year (as at 29 April 2024)
- Resignation of YBhg. Datin Zaharah binti Ali as Independent Non-Executive Director (28 April 2024)
- Appointment of YBhg. Datin Arlina binti Ariff as Independent Non-Executive Director (29 April 2024)
Training and Education Provided to the Board (as at 1 February 2024)
The Company has an in-house orientation programme in place for newly appointed Directors to familiarize themselves with the operations. In addition, the Directors are provided with the opportunities to attend any relevant training programmes on an ongoing basis to keep abreast with the latest developments, including the Financial Institutions Directors’ Education (“FIDE”) Core Programme. The programme promotes the strengthening of Board competencies in dealing with corporate governance, strategies and risk faced by the financial services industry.
During the financial year 2023, the Directors, collectively or on their own, attended seminars, courses and briefing organized by professional bodies and regulatory authorities as well as those conducted in-house, among others as follows:
- BNM-FIDE Forum: Special Interest Group (“SIG”) Discussion on Licensing & Regulatory Framework for DITO Exposure Draft
- FIDE Forum-ICA: Understanding the Impact of Digital Transformation in the Financial Industry: What Board Members Need to Know
- FIDE Forum-Iclif: Board Oversight on Climate Risk and Opportunities
- FIDE Forum: Understanding the Impact of Digital Transformation in the Financial Industry: What Board Members need to Know.
- FIDE Forum: AI and Financial Institutions: Friend of Foe?
- Allen & Gledhill: ESG Regulatory Developments - Overview on the Current State of Play and Upcoming Trends on the Horizon
- EY: How can Insurers and Takaful Operators Solve the ESG Equation
- Asia School of Business: Ignite Your Sustainability Journey with the New ISSB Standards
- Singapore Institute of Directors/EY: Sustainability Reporting Leading the Charge with Leading Practices
- In-house (Board Educational Series):
- GETB Treating Customer Fairly (“TCF”) Policy Refresher
- Policy Document – Wakalah (BNM/RH/PD 028-3)
- Owners and Ownership: Beneficial Ownership – Who is Behind that Legal Person
- Cross Currents of Headwinds and Tailwinds
- Fiduciary Duty on Climate Risk Management
- Navigating MFRS 17: Transition, Parallel Runs, and Other Updates
- Zakat For Takaful Business
- Cybersecurity for the Cloud
- Standing Limits in Managing Financial Risk
- Great Eastern Cloud Journey & Cyber Defense Roadmap
- Private Market Investments
Number of Scheduled and Ad-Hoc Meetings convened by Board and Board Committees in Financial Year 2023 (as at 1 February 2024)
| Board of Directors |
10 |
| Board Nominations and Remuneration Committee |
7 |
| Board Audit Committee | 5 |
| Board Risk Management Committee | 6 |
| Governance Committee | 2 |
Anti-Bribery and Corruption Policy Statement
Great Eastern entities take a ZERO-TOLERANCE APPROACH to bribery and corruption and are committed to act professionally, fairly and with integrity, honesty and in an ethical manner in all business dealings and relationships.
Please click here to read our Policy Statement.
Whistleblowing Programme
At Great Eastern Takaful Berhad, we are committed to a high standard of compliance with accounting, financial reporting, internal controls, corporate governance and auditing requirements and any legislation relating thereto. We aim to provide an avenue for individuals to raise genuine concerns about possible improprieties in matters of financial reporting and other malpractices without fear of suffering retribution. All concerns raised will be held in strictest confidence and handled fairly and properly.
You may report your concerns via email to whistleblow@greateasternlife.com, which is under the purview of the Chief Internal Auditor. Alternatively, you may write to Chief Internal Auditor, Great Eastern Life Assurance (Malaysia) Berhad, Menara Great Eastern, Level 13, Internal Audit Department, 303, Jalan Ampang, 50450 Kuala Lumpur.
If the above channel is not suitable, you may report your concerns via email to whistleblow-getbbac@greateasterntakaful.com, which is accessible by only the Chairman of the Board Audit Committee.