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Corporate Governance

Articles of Association

Board of Directors Charter

To view the report online, click on the appropriate link below, or right-click and save the report for off-line viewing.

Details on Board Composition

Board of Directors         

Composition of Board Committees (on 1 April 2020)

Board Committee Composition
Board Audit Committee

YBhg. Dato' Albert Yeoh Beow Tit (Chairman)

Mr. Norman Ip

YBhg. Major General Dato' Zulkiflee bin Mazlan (Rtd)

Board Nominations and Remuneration Committee

YBhg. Dato' Albert Yeoh Beow Tit (Chairman)

Mr. Norman Ip

YBhg. Major General Dato' Zulkiflee bin Mazlan (Rtd)

Board Risk Management Committee

YBhg. Datin Zaharah binti Ali (Chairman)

YBhg. Rear Admiral Dato' Anuwar bin Mad Said (Rtd)

Encik Mohamed Rashdi bin Mohamed Ghazalli

 

Governance Committee

YBhg. Dato' Albert Yeoh Beow Tit (Chairman)

YBhg. Datin Zaharah binti Ali

YBhg. Professor Dato' Dr. Wan Sabri bin Wan Yusof

Encik Mohd Khalid bin Khairullah

 
 
Appointments, Resignations and Removals of Directors during the Financial Year (as at 1 Jan 2020)
  • Resignation of YBhg Datuk Kamaruddin Taib due to expiry of tenure limit (31 Dec 2019)
  • Appointment of YBhg Dato' Albert Yeoh Beow Tit (1 Jan 2020)

Training and Education Provided to the Board (as at 1 January 2020)

The Company has in place an In-House Orientation Programme for newly appointed Directors to familiarize themselves with its operations. The Directors are provided with the opportunity for relevant training programmes on an ongoing basis in areas relating to financial industry for them to keep abreast with the latest developments in the industry including the Financial Institutions Directors’ Education (“FIDE”) Core Programme which promotes high-impact Boards by strengthening Board competencies in dealing with corporate governance, risk management and strategies issued faced by the financial services industry.

During the financial year 2019, 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 Dialogue: Innovation and Fintech in the Financial Services Industry
  • FIDE FORUM – Reading the Signs: The Next Financial Crisis and Potential Impact On Asia
  • Focus Group – Discussion in Preparation for the 6th BNM-FIDE FORUM Annual Dialogue
  • 5th BNM – FIDE FORUM Dialogue with the Deputy Governor of BNM.
  • The Iclif Leadership and Governance Centre – Anti-Money Laundering / Counter Financing of Terrorism (Insurance & Takaful Sector)
  • The Iclif Leadership and Governance Centre – Raising Defences: Section 17A, MACC Act
  • Ensign – Cyber Landscape
  • Lion Global Investor – Data Analytics
  • Indonesian Professional Certification Authority – Certificate of Competence for Qualified Risk Governance Professional (QRGP)
  • Singapore Institute of Directors (SID) – ACRA-SGX-SID Audit Committee Seminar
  • SID – S&C: SID Directors Conference
  • SID – CTP4: Blockchain for Directors
  • Ernst & Young – MFRS 17: Understanding its impact and consequences
  • Ernst & Young – Training for Great Eastern Holdings and its subsidiaries
  • Inhouse – Board Educational Series:

-Amended Agency Contract Effective 1 January 2020 and its impact on the Company

-Perspectives on Cyber Security by Ensign Infosecurity

-Post Implementation Review of Agency Balanced Scorecard under LIFE Framework For GELM & GETB

-Amendment to MACC Act by Messrs Wong & Partners

-What is IFRS 17 and How it affects the financial disclosure by EY

-Cloud Architecture Mechanism on IFRS

-Implementation of MFRS 17 Insurance Contract: Technical Accounting Papers (Batch 1)

-IT Strategies and Cybersecurity Roadmap

-Implementation of MFRS 17 Insurance Contract: Technical Accounting Papers (Batch 2)

-Emerging trend in Money Laundering and Terrorism Financing – e-wallet

-Cyber Range Exercise 2019

-Economic Outlook in 2019

-Digitalizing Servicing

-UpGreat Malaysia

 
Number of Meetings convened by Board and Board Committees in Financial Year 2019 (as at 1 Jan 2020)
Board 7
Board Nominations and Remuneration Committee 6
Board Audit Committee 5
Board Risk Management Committee 5
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.  

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