Affin Bank Berhad | Annual Report 2020

The Board of Directors (“Board”) of AFFIN Ba n k Berhad (“Ba n k” or the “Compa n y”) s u pports the pri n ciples of good gover n a n ce a n d co n ti nu es to improve the Ba n k a n d Gro u p ’ s Gover n a n ce str u ct u re i n e n s u ri n g s u stai n ability of ethical a n d complia n t corporate c u lt u re. The Board and Management are fully committed to achieve high standards in the areas of corporate governance, business conducts and ethics. The Bank actively inculcates the principles of transparency, integrity and accountability in building its corporate culture. The Bank adopts corporate governance best practices that conform to Bank Negara Malaysia (“BNM”) Policy Document on Corporate Governance, Bursa Malaysia Securities Berhad (“Bursa Malaysia”) Main Market Listing Requirements and Malaysian Code on Corporate Governance issued by Securities Commission. In this regard, Corporate Governance Framework has been established to set out the broad principles, standards and requirements for sound corporate governance and practices to be adopted by the Bank. The Corporate Governance Framework of the Bank is premised upon the following:- 180 CORPORATE GOVERNANCE OVERVIEW STATEMENT ORGANISATION EXECUTIVE SUMMARY CORPORATE GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION BOARD OF DIRECTORS SHAREHOLDERS * Group Bo a rd Audit Committee * Group Bo a rd Credit Review a nd Recovery Committee * Group Bo a rd Compli a nce Committee * Group Bo a rd IT Committee Group Bo a rd Nomin a tion a nd Remuner a tion Committee Comp a ny Secret a ry President & Group CEO Group Risk M a n ag ement MANAGEMENT COMMITTEES Group Compli a nce Group Intern a l Audit * Group Bo a rd Risk M a n ag ement Committee *Established on Group basis for AFFIN Bank Berhad and AFFIN Islamic Bank Berhad Companies Act, 201 6 Main Market Listing Requirements of Bursa Malaysia (MMLR) Policy Document on Corporate Governance issued by BNM (BNM CG) Malaysian Code on Corporate Governance issued by Securities Commission (MCCG) Other relevant guidelines/circulars /Practice Notes issued by relevant regulatory authorities