109 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION ETHICS AND COMPLIANCE STATEMENT Advancing Technological Integration and Innovation Kenanga Group has embraced a governance strategy centred on integrating risk-based approaches into compliance best practices, complemented by appropriate controls that align with laws, regulations, and industry standards. With the increasing provision of services in the digital realm, it is imperative that we evolve to continuously update and adapt our compliance requirements to the ongoing digitalisation, ensuring our continued significance and relevance in the dynamic landscape. Simultaneously, the Group remains vigilant in tracking the evolution and amendments of regulations to enhance compliance effectiveness. Remaining abreast of innovations and consistently aligning with regulatory requirements, we endeavour to leverage new technologies essential to our business and operational units. Our focus remains on not only developing but also harnessing these advancements while maintaining an effective compliance strategy that adapts seamlessly to the changing landscape. Bolstering Measures Against Financial Crimes Financial institutions worldwide are facing challenging circumstances where they are expected to facilitate transactions at lightning-fast pace while ensuring their institutions are not abused by criminals to profit via systematic illegal activity. Kenanga Group is no exception and takes a zero-tolerance stance towards financial crimes in all of their business dealings whether concerning employees, clients, suppliers, contractors or other third parties and this is demonstrated via Kenanga Group’s comprehensive AML/CFT/TFS framework. The integration of a robust ESG compliance strategy with an effective AML regulatory framework enables the Group to identify and address a broader range of risks, including those related to environmental and social issues, alongside traditional financial risks associated with money laundering and illicit financing. While ensuring compliance with the evolving regulatory requirements and demonstrating a proactive approach to meeting emerging standards related to sustainability and responsible business conduct, we are also able to make Informed and responsible decisions that align with our values and long-term sustainability objectives. Cultivating a Culture of Open Communication Kenanga Group reaffirms our enhanced commitment to fostering a respectful and inclusive workplace environment. We will persistently prioritise the importance of encouraging employees to speak up and report any instances of wrongdoing or policy breaches. This emphasis will be emphasised through direct communication with superiors or utilising designated channels within the Group, such as the Speak Up channel, ensuring transparency and accountability throughout the organisation. Building upon this commitment, the Group sends a resounding message to all employees and stakeholders that adverse organisational practices will not be condoned. This proactive stance not only highlights our commitment to upholding ethical standards but also reassures employees and stakeholders that their concerns hold significance. By fostering an environment where issues are addressed promptly and effectively, the Group encourages open dialogue and demonstrates our dedication to accountability and transparency. Enhancing Oversight and Monitoring Processes Kenanga Group holds firm expectations for all our businesses to uphold ethical principles and integrity, ensuring compliance with relevant laws, regulations, and internal policies. Our ethics and compliance programmes are designed to mitigate and address potential adverse impacts arising from business conduct and the delivery of the Group’s products and services. These efforts encompass a range of areas, including fraud, bribery, corruption, money laundering, as well as safeguarding employees and human rights. As part of our ethos of responsible business conduct, the Group will persistently evaluate our risk-based due diligence processes. This continuous assessment is aimed at ensuring the implementation of robust and appropriate ethics and compliance programmes to prevent and mitigate negative impacts resulting from potential failures. We will oversee the implementation of these programmes through ongoing monitoring and assessments across all facets of Kenanga Group’s business operations. Fostering a Culture of Ethics and Integrity An effective ethics and compliance programme is instrumental in cultivating a culture of integrity, where every member of the organisation embodies the principles they advocate. At Kenanga Group, we firmly assert that a fortified ethical culture, underscored by diversity and inclusion, fosters heightened employee engagement, thereby driving enhanced efficiency and productivity. Such a culture not only instils a sense of accountability at all levels but also ensures that employee concerns are consistently addressed through a harmonious blend of top-down leadership and bottom-up feedback mechanisms. As part of our ongoing efforts, the Group actively promotes and reinforces ethical behaviours throughout our operations. Employees at all levels are dedicated to upholding integrity and high standards in their conduct. We continue to prioritise instilling a strong sense of consciousness among our workforce, encouraging them to consistently demonstrate professionalism, integrity, and conscientiousness in their interactions, both within the organisation and with external parties.
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