KENANGA ANNUAL REPORT 2023

69 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION CORPORATE GOVERNANCE OVERVIEW STATEMENT Board Reserved Matters The Board’s key activities during the Financial Year Ended 31 December 2023, included amongst others, reviewing, deliberating, recommending and approving where appropriate, key matters as outlined below. • Budget and Business Plan for KIBB Group for the Financial Year Ending 31 December 2024 • Group Strategy 2024-2026 • Proposals on New Investments/ Business Collaborations/ New Business Initiatives/ New Joint Venture/ Corporate Exercises and Subsequent Updates • Monthly Management Accounts • Quarterly Financial Results • Waiver of Intercompany Balance for Dormant Companies • Audited Financial Statements for the Financial Year Ended 31 December 2022 and the Reports for the Directors and Auditors • Proposed Dividend for the Financial Year Ended 31 December 2022 • Representation Letter to Ernst & Young PLT in Relation to the Audit for the Financial Year Ended 31 December 2022 • Re-Appointment of External Auditors and Audit Fees for the Financial Year Ended 31 December 2023 • Report on Non-Budgeted Expenditure Exceeding RM250,000 • 2023 Equity Derivatives’ Business Plan and Proposed Market Risk Limits • Reports on Associate and Joint Venture Companies • Renewal of Solvency Statement in Relation to the Share Buyback Exercise • Provision of Financial Support and Contingency Funding for Subsidiaries • Update on Utilisation of Treasury Shares for Settlement of Employees’ Share Option Scheme • Annual Impairment Assessment of Goodwill and Intangibles for the Financial Year Ended 31 December 2023 • Participation as Participating Broker in Share2Share Scheme by Bursa Malaysia Berhad Through Yayasan Bursa Malaysia • Appointment of Ernst & Young PLT to Perform a Review on Liquidity Coverage Ratio as of Financial Year 2022 • Proposal to Implement a New Remisier Portal – iRemisier Platform for KIBB • Procurement of Managed Security Operations Centre 2023 • Material Outsourcing for the Subscription of the Cloud Infrastructure Services of Host, Network, Storage and Security and the Managed Services of Cloud Services by Datacom of Migrated Non-Critical and Critical Production Applications in Microsoft Azure Cloud • Application for Settlement Limit for the Purpose of Securities Borrowing and Lending Transactions • Budget for e-Invoicing Project • Extension of Time to Perform Server Upgrade for K2 and InReport System, as well as Approval to Purchase Servers for K2 and InReport • Share Buy-Back Statement in Relation to the Proposed Renewal of Authority for the Company to Purchase Its Own Shares of Up to 10% of the Total Number of Issued Shares of the Company Strategy/ Financials

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