Corporate Governance

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• Board of Directors Charter

Board of Directors         

• Mr. Norman Ip
• YBhg. Datin Zaharah binti Ali
• Mr. Tong Hon Keong
• YBhg. Major General Dato' Zulkiflee bin Mazlan (Rtd)
• YBhg. Rear Admiral Dato' Anuwar bin Mad Said (Rtd)
• YBhg. Dato' Albert Yeoh Beow Tit
• YBhg. Prof. Dato' Dr. Wan Sabri Wan Yusof

Composition of Board Committees (on 1 February 2023)

Appointments, Resignations and Removals of Directors during the Financial Year (as at 8 August 2023)

• Resignation of Mr Khor Hock Seng as Executive Director (6 August 2023)
• Appointment of Mr Tong Hon Keong as Independent Non-Executive Director (7 August 2023)
• Redesignation of Mr Norman Ip from Independent Non-Executive director to Non-Independent Non-Executive Director (8 August 2023)

Training and Education Provided to the Board (as at 1 February 2023)

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 2022, 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: Risk Management in Technology (RMiT): Insights 1 year on 
• BNM-FIDE Forum: MASB Dialogue on MFRS17 Insurance Contracts: What Every Director Must Know
• BNM-FIDE Dialogue: The Future of Malaysia’s Financial Sector
• BNM-FIDE FORUM Annual Dialogue with Governor of Bank Negara Malaysia
• BNM-FIDE FORUM Annual Dialogue with Governor of Bank Negara Malaysia
• BNM-FIDE FORUM Dialogue on Risk Management in Technology (RMiT): Insights 1 year on
• BNM-FIDE FORUM Dialogue: Risk-Based Capital Framework for Insurers and Takaful Operators
• FIDE FORUM - Rethinking Our Approach to Cyber Defence in FIs
• FIDE FORUM: Bursa-FIDE Forum Dialogue on Sustainability
• FIDE FORUM (Webinar): Rethinking Our Approach to Cyber Defence in FIs
• FIDE FORUM (Webinar): The Board's Role and Responsibilities in Crisis Communication        
• FIDE FORUM: SC-FIDE FORUM Dialogue on Capital Market Plan 3
• MICG: Artificial Intelligence (AI) For Company Directors and Executive
• GRC Summit 2021: Agility Amid A Chaotic World
• Joint Committee on Climate Change (JC3) Annual Flagship Conference: #FInanceForChange                                                             
• SIDC: Post Section 17A MACC Implementation
• Ittikad Academy: Megashift Risk Anticipation to the Insurance Industry in Indonesia
• Climate Governance Malaysia: Sustainability
• Inhouse – Board Educational Series:

-       Reading Materials on Anti-Money Laundering, Countering Financing of Terrorism and Targeted Financial Sanctions for Financial Institutions and Anti-Bribery & Corruption

-        Reading Materials on Sustainability

-        “Sanctions Screening” and “Getting Ready for Dawn Raids”

-        Environmental, Social and Governance

-        Responsible Investments

-        Great Eastern’s Security Operation Centre (SOC)

-        Cyber Security in time of COVID

-        Cyber Security Roadmap

-        Cybersecurity Trends: Keeping Up with 2021 New Normal

-        IT Security Roadmap

-        GETB's Director's Takaful Refresher Training Programme

-        Asset-Liability Management

-        What, Why and How of Reinsurance in General Insurance (Part 1 & II)

-        Risk & CyberSecurity in a time of Covid

-        IFRS 17 Training

-        AML/CFT Compliance Training

-        Update on Great Eastern's Corporate Initiatives

-        China’s Investment Landscape Economics, Geopolitics and Other Considerations

-        Technology, can China catch up?

-        US-China Tech Contest – On which side will the chips fall?

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.

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.