KENANGA ANNUAL REPORT 2023

98 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 ETHICS AND COMPLIANCE STATEMENT OUR COMMITMENT TO COMPLIANCE AND VALUES In line with the regulatory emphasis on ethical conduct, Kenanga Investment Bank Berhad and Its Subsidiaries (“KIBB Group” or “Kenanga Group” or “the Group”) remains dedicated to promoting ethical behaviour and integrity across all facets of its operations. By adhering to stringent ethical standards and regulatory compliance, we aim to safeguard the interests of our stakeholders while delivering value propositions that resonate with integrity and transparency. Building upon our commitment to ethics and integrity in business practices, Kenanga Group integrates these values into both our corporate culture and governance framework. Through adherence to ethical standards and fulfilling regulatory obligations, we not only bolster Kenanga Group’s reputation but also cultivate trust among our stakeholders, thus propelling sustainable business growth. OUR STRUCTURE IN MANAGING ETHICS AND COMPLIANCE The Group’s approach to ethics and integrity extends beyond mere compliance; it is ingrained in our corporate DNA and guides our decision-making processes at every level. We recognise that ethical conduct is not just a regulatory obligation but a moral imperative that underpins our relationships with clients, employees, shareholders, and the broader community. In essence, our dedication to ethics and integrity is not just a business strategy; it is a reflection of our core values and commitment to upholding the highest standards of corporate governance and responsible business conduct. In this regard, the following six (6) departments within Group Regulatory and Corporate Services (“GRCS”) Division of Kenanga Investment Bank Berhad (“KIBB” or “the Company”) collaborate closely to carry out the overall responsibilities under the ethics and compliance structure: Group Business Ethics and Integrity Group Compliance Group Financial Crime Compliance Group Prudential Supervision and Regulatory Affairs Group Legal Group Company Secretarial Develops, implements and facilitates compliance of the applicable framework, policies and procedures towards promoting ethical business practices and integrity in the business and operational activities Develops, implements and facilitates compliance of the overall regulatory requirements in relation to the regulated activities as per the Licensing Handbook of the Securities Commission Malaysia Develops, implements and facilitates compliance of the applicable laws and regulatory requirements in relation to Anti-Money Laundering, Counter Financing of Terrorism and Targeted Financial Sanctions Manages consultations with the regulators and provides sound advice to ensure compliance with regulatory requirements and expectations as well as standard practices Manages legal documentation and provides legal consultation towards mitigating legal risks Ensures integrity of the governance framework and compliance with statutory and regulatory requirements by the Board of Directors (“Board”), as well as facilitates the communication and implementation of the Board’s decisions

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