Remuneration systems form a key component of the govemance and incentive structure through which the board and senior management drive performance, convey acceptable risk-taking behavior and reinforce the financial institution's corporate and risk culture. In the last Board of Director's meeting of Bank Islam (M) Berhad ("BIMB"), there was a review on a specific remuneration package for the directors, Shari'ah Supervisory Council members, Managing Director and key senior management personnel to commensurate with their contribution and level of responsibility. The Board has approved the new package, which is going to be reviewed in the next two years. Due to the technicality and complexity of both quantitative measures and qualitative judgement in ensuring the remineration is adjusted to all types of risk and must be symmetric with risk outcomes, this duty has been delegated to the Risk Management Department (RMD). Apart from this, the RMD only takes charge of remuneration of the afore-mentioned categories of people and not remuneration of extemal auditors, which lies in the hands of Board Audit Committee. Analyze the above situation and express your opinion whether the remuneration system was structured in accordance to CG-BNM