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Maybank Sustainability Report
2014
Corporate
Governance
We are committed to achieving high standards of corporate governance
and transparency to ensure the sustainability of our businesses as well as
safeguard shareholders’ interests.
In line with the Group’s regional aspirations, the Board has continued to
ensure that the highest standards in corporate governance are upheld.
Effective corporate governance also supports the Group’s belief in
transparency. It also helps us to be forward-looking with fresh ideas and
to be more decisive in the execution of strategies and initiatives.
Maybank’s governance framework closely follows the Malaysian Code
on Corporate Governance (MCCG) 2012, underlying the implementation
through the Main Market Listing Requirements of Bursa Malaysia Securities
Berhad, guided by Bank Negara Malaysia Guidelines on Corporate
Governance for Licensed Institutions and other locally relevant and globally
present best practices. The code sets out broad principles and specific
recommendations on structures and processes to ensure good corporate
governance becomes an integral part of business dealings and culture.
The Maybank Group’s corporate governance model adheres to the
following requirements and guidelines:
1. Malaysian Code on Corporate Governance 2012 (referred to herein as
the Code or MCCG 2012).
2. Bank Negara Malaysia (BNM)’s Revised Guidelines on Corporate
Governance for Licensed Institutions (BNM/GP1).
3. Bursa Malaysia Securities Berhad (Bursa Malaysia)’s Main Market
Listing Requirements (Listing Requirements).
4. Green Book on Enhancing Board Effectiveness (Green Book) by the
Putrajaya Committee on Government Linked Companies (GLCs)’ High
Performance.
5. Corporate Governance Guide: Towards Boardroom Excellence 2
nd
Edition (CG Guide) by Bursa Malaysia.
6. Minority Shareholders Watchdog Group (MSWG)’s Malaysia-ASEAN
Corporate Governance Scorecard.
The chart below illustrates the Corporate Governance Model adopted by Maybank.
Shareholders
Board
Group PCEO
Group Management
Executive Committee
Group General Counsel
& Company Secretary
Management
Framework
Management
Committees
Policies
Vision
Mission
Values
Management Standards
Operating Standards
Level of
Authorities
Risk
Management
Committee
Risk
Delegation
Accountability
Nomination &
Remuneration
Committee
Employees’
Share Scheme
Committee
Audit
Committee
Independent
Assurance
External
Auditors
Internal
Auditors
Compliance
Credit Review
Committee
G4-34, G4-35, G4-36