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a) |
To oversee, monitor and prioritise strategic issues and chart
strategic directions for action by the Management and employees
of the Institute. |
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b) |
To guide the Institute in its relations with stakeholders
including government, public, regulators and employees; |
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c) |
To oversee the financial, operational and performance of the
Institute; |
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d) |
To review the Institute’s budget and recommend to Council for
approval; |
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e) |
To review the monthly management accounts and table to Council
for information; |
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f) |
To review yearly financial statements of the Institute and
recommend to Council for approval; |
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g) |
To approve expenditure and other financial commitments up to the
amount of RM100,000.00 and where expenditure and other financial
commitments are above the authorities delegated to the
Committee, make recommendations to the Council seeking the
necessary approvals; |
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h) |
To review operation manuals and relevant key policies &
procedures and recommend to Council for approval; |
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i) |
To approve the acquisitions or disposal of assets, investments,
transactions or commitments of any kind where the actual or
potential liability or value do not exceed RM100,000 and where
acquisitions or disposal of assets, investments, transactions or
commitments are above the authorities delegated to the
Committee, make recommendations to the Council seeking the
necessary approvals; |
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j) |
To oversee senior employee appointments and development as well
as succession planning; |
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k) |
To determine employee salary review, bonuses, remuneration
packages and terms of service which shall be a delegated to the
Remuneration Committee of Institute; |
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l) |
The Committee shall receive reports on all business issues from
the other Committees which would have financial implications to
the Institute; |
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m) |
The Committee is authorised to delegate any of its powers to a
sub-committee or an ad-hoc committee if it considers this
appropriate; and |
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n) |
To initiate, recommend and carry out other matters/functions in
relation to the Institute delegated by the Council or deemed
appropriate by the Executive Committee. |
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o) |
To oversee and review the governance practices of the Institute
including: |
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i) |
Stakeholder management; |
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ii) |
Annual Strategic Key Performance Indicators; |
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iii) |
Human Resource Management; |
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iv) |
Financial Management; |
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v) |
Internal Control System; |
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vi) |
Risk Management; |
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vii) |
Strengthen values and ethics of organisation; |
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viii) |
Handling of fraud and corruption; |
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ix) |
Encourage innovation in management |
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