KENANGA ANNUAL REPORT 2023

123 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION AUDIT COMMITTEE REPORT List of Disciplinary Actions Meted Out on Employees’ Misconducts within KIBB Group The list of disciplinary actions meted out on KIBB Group’s employees who had committed misconduct was tabled by Group Human Resource for the AC’s notation at its meetings held on 23 February 2023, 30 March 2023, 26 July 2023 and 24 October 2023. Post Approval Review by Independent Credit Review Unit (“ICR”) Pursuant to Paragraph 17.5 of BNM’s Policy Document on Credit Risk, the outcomes of independent credit reviews are required to be escalated directly to the Board Risk Committee, Board Audit Committee and Senior Management. In fulfilling the aforementioned requirement, ICR of Group Risk Management, upon completion of its reviews, would table its review reports to the AC for its deliberation. In this regard, during 2023, the AC had deliberated on the following review reports tabled by ICR: Date of AC Meeting Titles of Review Report 30 January 2023 Post Approval Review of Kenanga Capital Islamic Sdn Bhd 30 January 2023 Review of Treasury Bond Portfolio During its deliberation, the AC had taken note of the findings raised by ICR arising from the respective reviews, as well as the recommendations made by ICR together with Management’s action plans in addressing those findings. Integrity, Regulatory and Governance KIBB Group had implemented numerous policies to facilitate its adherence to the Guidelines on Adequate Procedures issued pursuant to Section 17A (5) of the Malaysian Anti-Corruption Commission Act 2009, and to keep abreast with the best practices and high standards of ethics and integrity, and these policies include the following: 3.7 3.8 3.9 Group Conflict Management Policy Group Incoming NonCommercial Sponsorship Policy Group Gifts, Entertainment and Hospitality Policy Pursuant to the Group Conflict Management Policy, the Register of Conflict of Interest would be maintained by three (3) departments, namely Group Company Secretarial, Group Compliance and Group Human Resource, to capture the conflict of interest within KIBB Group in respect of the Board members, business and employees and the same would be submitted to GBEI for consolidation. In line with the requirement specified in the aforesaid policies, the information in relation to actual or potential conflicts, sponsorships, gifts, entertainment and hospitality, which fell within the scope of these policies received from the employees will be compiled and relevant report will be tabled by GBEI to the AC for its notification on an annual basis. In relation thereto, the AC at its meeting held on 23 February 2023 had taken note of the summary of information submitted by the employees within KIBB Group to GBEI for the period from January 2022 until December 2022. a

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