6. Secure information from management to enable the Board to fulfill its functions. It is the Board’s responsibility to decide what information it wants. 7. Excuse themselves from decisions when they themselves or someone related to or connected with them have a conflict of interest. 8. Provide oversight of the senior management of the Bank by exercising their duty and authority to question and insist upon straightforward explanations from management and receive on a timely basis sufficient information to judge the performance of management. 9. Ensure that the Bank’s confidential information and customer information is not given either inadvertently or deliberately to third parties and shall not use the information to seek gains without the Bank’s consent or permission by law. 7.2.3 Role and Responsibilities of Board of Directors and Sub-Committees Segregation of Duties and Balance of Power of Non-Executive Directors Chairman of the Board of Directors, and Chief Executive Officer shall not be the same person to prevent any person or group of persons to have unlimited power and to ensure balance of power. The Chairman of the Board of Directors shall not serve in any position of the committees. Segregation of Duties, Roles, and Responsibilities between the Board of Directors and Executive Member of the Board (except the executive directors) shall not be the Bank’s staff and shall not involve in normal daily executive activities of the Bank. The Board of Directors has the Charter or the Corporate Governance Policy which indicate the authority, role, and responsibility of the Board of Directors that specified the framework of role that will be referred when supervision. Roles and Responsibilities of Chairman of the Board of Directors The chairman is responsible for leading the board. The chairman’s duties should at least cover the following matters (1) Oversee, monitor, and ensure that the board efficiently carries out its duties to achieve the company’s objectives. (2) Ensure that all directors contribute to the company’s ethical culture and good corporate governance, joint consider with Chief Executive Officer in determine the Board of Directors’s meeting agenda and oversee that significant issues were incorporated in the agenda. (3) Promote a culture of openness and debate through ensuring constructive relations between executive and non-executive directors, and between the board and management. Chairman shall be chairperson in the Board of Directors meeting and the bank’s shareholders’ meeting. Chairman of the Board of Directors is non-executive director which in line with the Corporate Governance Notification which stated that Chairman could be independent director or non-executive director. 183 Form 56-1 One Report 2021
RkJQdWJsaXNoZXIy ODEyMzQ3