Family Takaful Product Development Committee

SYARIKAT TAKAFUL MALAYSIA AM BERHAD 
 (201701032316 [1246486-D]) 
(Incorporated in Malaysia) 
TERMS OF REFERENCE OF THE NRC (C
ONT’D) 
 
 
 
 
 
5 
(a) 
be in writing given to the members either in hardcopy or transmitted to 
the electronic address via electronic form; 
(b) 
specify the place, day and hour of the meeting; and 
(c) 
be given at least seven (7) days before the meeting schedule to be 
held. 
7.6 
In the absence of the Chairman, the members can elect from amongst 
themselves the Chairman for the Meeting, who must be an Independent 
Director. 
7.7 
The Secretary shall minute proceedings and resolutions of all meetings of 
NRC. The minutes must record decisions of NRC, including key deliberations, 
rationale for decision made, and any significant concerns or dissenting views. 
The minutes must also indicate whether any member abstained from voting 
or excused himself/herself from deliberating on a particular matter. 
7.8 
Minutes of meetings shall be submitted to the Board for notification. 
 
8.0 
CIRCULAR RESOLUTIONS 
 
8.1 
A resolution in writing signed by all NRC members for the time being present 
in Malaysia shall be as valid and effectual as if it had been passed at a 
meeting of the NRC duly called and constituted.
8.2 
Any such resolution may consist of several documents in like form each 
signed by one or more NRC members.
 
8.3 
All decisions and/or approvals made via circular resolution shall be presented 
at the subsequent NRC meeting for notation. 
 
9.0 
REPORTING 
 
NRC shall report to the Board either in writing or verbally, as it considers appropriate 
on the matters within its terms of reference.
10.0 
REVIEW OF TERMS OF REFERENCE 
 
(i) 
Terms of Reference shall be reviewed and updated from time to time as and 
when required. 
 
(ii) 
The policies and activities of the Company shall be subject to Terms of 
Reference, framework and policies as set by the holding company, Syarikat 
Takaful Malaysia Keluarga Berhad. 
This is to ensure alignment with, and is reflective of the Group practice.
Dated this 21
st
day of October 2021