Group Staff Committee (“GSC”)

The GSC is chaired by the President & CEO and comprise senior representatives from various business and support units. The salient terms of reference of the GSC includes the following:-

(a) Reviews and recommends strategic Group Human Capital programmes, policies and framework for the approval of the Board such as Organisation Design and Structure, Job Grading Structure, Manpower Planning and Compensation and Benefit Strategies; and

(b) Deliberates and provides Human Capital key decisions for the Group in order to steer the organisation towards achieving strategic aspirations of Maybank Group leveraging on deep understanding of operational issues.

For proposals on matters that exceed the GSC’s authority limits, the GSC would submit its recommendations to the GMC, and relevant Board committees such as Remuneration Committee of the Board, for approval.

The GSC meets once a month and at any such time(s) as it deemed necessary. There were 15 meetings held during the financial year 30 June 2009.