99 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION ETHICS AND COMPLIANCE STATEMENT To achieve high standards of corporate governance within the highly regulated capital markets environment, Kenanga Group has implemented the Ethics Risk Management Framework ("EMF") and Compliance Management Framework ("CMF") within the GRCS. These frameworks provide structured guidance for ensuring systematic and consistent oversight and monitoring of compliance and ethical practices. Additionally, they are instrumental in addressing and managing sustainability concerns across the Group’s operations. The EMF and CMF adopt risk-based, centre-led methodologies, integrating two (2) fundamental principles of risk mitigation and risk monitoring, synergistically reinforcing each other: Ethics and Compliance Risk Mitigation Identify the risks associated with business of Kenanga Group Measure the risks in order to assign their severity level Assess for appropriate controls to address any deficiencies Implement the controls involving the relevant parties in Kenanga Group Educate and train on the controls highlighting consequences of failing to comply Essentially, the EMF and CMF serve as cornerstone methodologies, facilitating the establishment, ongoing evaluation, and refinement of the Group’s ethical and compliance initiatives. These methodologies harmonise the management of ethical and compliance matters, safeguarding the Group’s corporate culture. Ethics and Compliance Risk Monitoring Monitor and test if risk mitigation is working properly via various measures: Identify critical and high-risk areas Review and test compliance with legal and regulatory requirements Identify routine business transaction associated to compliance obligations Identify key compliance risk mitigation activities Review and test implementation of policies and procedures Strategic Framework for Sustaining Effective Governance
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