Page 165 - Bank Muamalat_AR24

ANNUAL REPORT 2024 1 2 3 4 5 6 Governance 7 8 163

BMMB has a zero-tolerance policy towards any conduct that constitutes malpractice, including breaches of ethics, conflict of
interests, bribery and corruption, money laundering, terrorism financing, and fraudulent acts, as described in its Anti-Bribery
Code and other relevant documents.
In line with the requirements of the BNM CG and the CA 2016, the Board has established a Whistleblowing Policy that
provides a secure reporting avenue via the Ethics Hotline for employees and third parties who have knowledge or are aware
of any improper conduct or unethical behavior, including suspected fraud, bribery, corruption and criminal activity.

REMUNERATION
i. Non-Executive Director’s Remuneration
The Non-Executive Directors are remunerated through fixed monthly fees, meeting allowances and benefits-in-kind, inclusive
of the reimbursement of utilities bills and business peripherals.
The level of remuneration of Non-Executive Directors reflects the current demanding challenges in discharging their
fiduciary duties, roles and responsibilities, whether individually or collectively, as well as the complexity of the Company’s
operations and the industry.
ii. Disclosure of Directors’ Remuneration

Details of each Director’s remuneration for the Financial Year ended 31 December 2024:
Allowance Other emoluments Benefits in-kind Total
(RM) (RM) (RM)
Chairman - BMMB
Tan Sri Tajuddin Atan, FCB 429,066.65 54,270.00 40,733.46 524,007.11

Directors - BMMB
Johari Abdul Muid 200,000.00 249,600.00 - 449,600.00
Tan Sri Che Khalib Mohamad Noh 200,000.00 96,000.00 - 296,000.00
Dato’ Ibrahim Taib 200,000.00 131,000.00 - 331,000.00
Ainol Roznain Yaacob 200,000.00 108,700.00 - 308,700.00
Md Khairuddin Hj Arshad 200,000.00 196,900.00 - 396,900.00
Mohd Razlan Mohamed 200,000.00 185,500.00 - 385,500.00
Roshidah Abdullah 200,000.00 145,500.00 - 345,500.00

Directors – subsidiaries
Md Khairuddin Hj Arshad 20,000.00 8,250.00 - 28,250.00
Roshidah Abdullah 20,000.00 8,250.00 - 28,250.00
Total 2,569,700.00

In order to attract and retain qualified individuals to lead BMMB, the Board has delegated responsibility to the BNRC to
oversee and recommend the structure of the remuneration policy and frameworks for Directors and Senior Management.

The remuneration structure for Non-Executive Directors is based on relevant factors, such as function, workload,
responsibilities, and time spent preparing for Board and Board Committee meetings. It includes fees, meeting allowances,
and benefits in kind. The Chairman of the Board and Board Committees receives a premium due to their additional role
in guiding and managing the Board and Board Committees.
The BNRC reviews and tracks the PCEO’s Corporate Scorecard and PCEO-1’s Key Performance Indicators annually.