105 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION ETHICS AND COMPLIANCE STATEMENT Common Reporting Standard In compliance with the Common Reporting Standard (“CRS”) requirements, Kenanga Group had submitted the financial account information of non-resident clients to the Inland Revenue Board of Malaysia (“IRBM”) in June 2023. The submission involved ninety-two (92) entities and funds of the Group that have been registered with the IRBM for CRS purposes. Foreign Account Tax Compliance In compliance with the Foreign Account Tax Compliance Act 2010 (“FATCA”) requirements, Kenanga Group had submitted the financial account information of US clients to the IRBM in July 2023. The first FATCA reporting involves clients’ information for the year 2014 until 2022. Code of Conduct for Vendors Kenanga Group upholds fair treatment of our vendors, ensuring that our business conduct and behaviour align with our ethical values and principles. Additionally, the Group aims to collaborate with our vendors to work towards the achievement of sustainable development goals. The Vendors Conduct Code, or Code of Conduct for Vendors, mirrors Kenanga Group’s commitment to ethics and integrity and is founded on maintaining the utmost standards of professional conduct from its vendors. This Code outlines the minimum expectations for general business conduct and ethical practices for all vendors engaged with or performing work for Kenanga Group. Through the Vendors Conduct Code, the Group takes a proactive approach to ensuring that parties it interacts with share a dedication to exemplary values. Kenanga Group acknowledges the vital role of effective communication in ensuring that employees comprehend their roles and responsibilities, thereby safeguarding the interests of both the Group and our stakeholders. As such, GRCS maintains active engagement with employees including through training and awareness programmes, ensuring they remained abreast of updated and pertinent information, including the latest regulatory updates and ongoing initiatives aimed at enhancing ethical culture and corporate governance practices. A diverse array of methods was employed to effectively implement the training and awareness programmes. These included leveraging video-sharing platforms to deliver engaging and informative content to employees, facilitating interactive quizzes to reinforce key concepts and promote active learning, hosting webinars to provide in-depth discussions and opportunities for real-time interaction, and conducting annual e-tests to assess employees’ understanding and retention of essential information. This multifaceted approach ensured that employees received comprehensive training and remained wellinformed about changes that would affect Kenanga Group. PROVISION OF TRAINING AND AWARENESS PROGRAMMES Fraud Awareness Campaign Since 2015, Kenanga Group has been a Corporate Alliance Partner of the Association of Certified Fraud Examiners (“ACFE”). This partnership programme underscores the Group’s dedication to combating fraud by offering educational opportunities and establishing a tone of integrity from the highest levels of leadership. As an integral component of the Group’s annual Fraud Awareness Campaign, the 7th Fraud Awareness Week (“FAW”) was once more conducted in 2023 under the theme Embracing Disruption, Pioneering Change, Unwavering Integrity. The FAW’s initiatives and activities spanned five (5) weeks, commencing on 10 October 2023, and culminating with the International FAW of the ACFE from 12 November 2023 to 18 November 2023. In addition to advancing fraud prevention and detection, the FAW aims to emphasise Kenanga Group’s dedication to ethical and moral principles in fostering good governance and cultivating a corporate culture that thrives amidst evolving regulatory landscapes. This aligns with the United Nations Global Compact’s 10th Principle, which highlights the imperative for businesses to combat corruption comprehensively. The 7th FAW further demonstrated the Group’s commitment to the ‘Governance’ pillar, aligning with our efforts to ensure environmental, social and governance (“ESG”) compliance. Building upon an internal campaign initiated six (6) years ago to raise awareness about the significance of combating fraud within the financial industry, the Group remains dedicated to emphasising the importance of accountability, integrity, and good governance to an expanded audience.
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